Since forming the low on November 2018 at $13.9, Silver has rallied 40% to current price of $19.4. The move higher from $13.9 low took the form of a 5 waves impulsive Elliott Wave structure. On the 1 hour chart below, we can see wave (4) pullback ended at $16.92. The metal has since resumed […]

UUP Bullish Cycles from May 2011 lows Firstly the dollar tracking ETF fund UUP  inception date was 2/20/2007. Interestingly the dollar index has a low in March 2008. The UUP ETF fund shows a low in May 2011. The dollar index did make a pullback cycle low in May 2011 however it was well above […]

EURJPY continues to extend lower and showing an impulsive structure. This article and video explains the short term Elliott Wave path of the pair.

Hello fellow traders. In this technical blog we’re going to take a quick look at the Elliott Wave charts of GOLD ( $XAUUSD ), published in members area of the website. Break of August 13th peak made cycle from the 08/01 low( 1399.56) incomplete to the upside. Consequently GOLD is bullish against the 1492.49 low […]