Platinum is a metal which is used in jewelry, decoration and dental work. The metal and its alloys are also used for electrical contacts, fine resistance wires and medical / laboratory instruments. An alloy of platinum and cobalt is used to produce strong permanent magnets (chemicool.com). Other uses of the metal include cancer drugs, use […]

LUV (Soutwest Airlines) shows a very constructive price action since the all-time lows. We can see a very nice impulse or five waves into the peak in 2017. The Elliott Wave Theory’s main message is that the trend advances in five waves and then a pullback in three waves. The following chart is a representation […]

Silver Miners ETF (SIL) has been consolidating since bottoming on January 2016 low at 14.94. Presently, it has reached 100% fibonacci extension from August 2020 peak at $26.2 – 35.3. This means the instrument can soon see support and rally in 3 waves at least if not resuming higher. Let’s take a look at the […]

Dollar Index (DXY) shows a 5 waves (impulsive) move up from September 3 low favoring more upside. This article and video look at the Elliott Wave path.