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Hello traders. As our members know, we have had many profitable trading setups recently. In this technical article, we are going to talk about another Elliott Wave trading setup we got in Silver (XAGUSD). The commodity has completed its correction exactly at the Equal Legs zone, also known as the Blue Box Area. In this […]
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GOLD – XAUUSD – A Technical Look at Elliot Wave
Read MoreHere 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 […]
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A look at the Gold move up from 1240 low
Read MoreGold 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 […]
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5 wave Elliott wave Impulse
Read MoreGold 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 […]
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$CL_F 1 Hour Elliott Wave Analysis 7.9.2014
Read MorePreferred Elliottwave view is that CL_F (Oil) is correcting 4 hour cycle from 97.37 (3.17.2014) low and can reach as low as 101.30 (61.8 fib)before rally resumes. Shorter cycles suggest suggest recovery seen yesterday was a B wave and dip to 102.12 completed wave (( w )) of C. We are now expecting a bounce in wave […]
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$CL_F (Oil) 1 Hour Elliott Wave Analysis 7.8.2014
Read MorePreferred 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 […]
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$XAUUSD $GC GOLD – Technicals of a Three Wave Move
Read MoreHere 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 […]