Metal is completing a cycle from 3.168 low and once completed, expect a 3 wave pull back before the next leg higher is seen. Wave B pull back can test 50 – 61.8 fib zone (3.203 – 3.215) before another extension higher toward 3.32 – 3.38 region is seen to complete wave ( X ). […]

Here is a quick blog from our Live Trading Room host, Dan Hussey.  Take a look at how to manage your risk by using inflection zones and Elliot Wave to your advantage.  The Live Trading Room is held daily from 11:30 AM EST until 1:30 PM EST, join Dan there for more insight into these […]

Gold has been steadily moving higher since forming a low at 1240. Let’s take a look at some charts from members area to see how we called this move. As you can see on H4 chart below , preferred Elliott wave view was calling for pull back which was supposed to correct cycle from 1240.3 low toward […]

Gold has been rallying since early June low of 1240 in 5 waves. In Elliott Wave Principle, market does not run in straight line and after 5 waves rally, a pullback in 3 waves is expected. Current wave structure and count in gold suggest that the yellow metal is close to completing this 5 waves rally in an […]

Preferred Elliottwave view is that CL_F (Oil) is correcting 4 hour cycle from 97.37 (3.17.2014) low and can reach  as low as 101.30 (61.8 fib)before rally resumes. Shorter cycles suggest suggest recovery seen yesterday was a B wave and dip to 102.12 completed wave (( w )) of C. We are now expecting a bounce in wave […]

Preferred Elliottwave view is that CL_F (Oil) is correcting 4 hour cycle from 97.37 (3.17.2014) low and can reach  101.21 – 102.48 before rally resumes. Shorter cycles suggest suggest recovery seen today was a B wave and as price holds below 104.21 high, price is expected to trade lower toward 101.21 -102.48 area to end a […]