The precious metal group does not get any break in the past 7 years. The move lower has been relentless and rally has been short lived. Silver in particular has corrected 70% from the 2011 high at $50 and still has not shown any sign of serious recovery. Our short term Elliott Wave view suggests […]

Short term Elliott Wave view on Oil suggests that the decline starting from Oct 3 high ($76.9) remains in progress as a 5 waves impulse Elliott Wave structure. Down from Oct 3 high, Primary wave ((1)) ended at $68.47 and Primary wave ((2)) ended at $69.66. Primary wave ((3)) ended at $54.75 and Primary wave ((4)) […]

Short term Elliott Wave view on Nifty suggests that the decline to 10004 on Oct 26 low ended Primary wave ((2)). This means that Index has ended the selloff which started from Aug 28 high (11760.20). It is currently either in the process of eventually breaking to new high again or at least rallying in […]

Hello fellow traders.  Another instrument that we have been trading lately is EURGBP . In this technical blog we’re going to take a quick look at the Elliott Wave charts of EURGBP , published in members area of the website.  As our members know, EURGBP has incomplete bearish sequences in the cycle from the 08/28 […]