
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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$CL_F (US Oil) 9.17.2013
Read MoreA cycle from 109.16 is coming to an end and soon a 3 wave pull back toward 107.39 – 107.81 would be expected to complete wave ( b ) before lower again. Hourly cycles remain negative and hence we don’t like buying in proposed wave ( b ). If you would like to see our […]
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$CL_F (9.2.2013)
Read MoreOil has completed a cycle from the highs and focus is now on 108.22 – 109.17 to complete wave (( b )) before Oil starts a new cycle to the downside. We don’t like buying Oil into proposed wave (( b)) as hourly cycles remain negative and recovery so far is corrective. Why not Sign […]
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$HG_F (Copper) 8.30.2013
Read MoreMetal has completed an hourly cycle @ 3.38 after a triangle thrust. A test of 3.21 is expected to complete a 3 wave decline from 3.388 and 7 swings down from 3.37 peak. As metal avoids aggressive weakness below 3.21, expect a 3 wave recovery which we believe would prove corrective (3 or 7 swings) […]
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$XAG/USD (Silver)
Read MoreWave B has completed at @ 22.43 and metal is completing a 5 wave move from this level. A test of 25.03 could be seen before we get a corrective (( b )) wave pull back and higher again. We don’t like selling the metal into proposed wave (( b )) pull back as 1 […]
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$GC_F (Gold) 8.21.2013
Read MoreMetal has completed a cycle from 1270 and is showing a 3 wave decline from 1385. Therefore, as 1377 & more importantly 1385 holds, we expect another push lower in 3 waves toward 1328 to complete wave (( b )) before metal turns higher again. We don’t like selling the metal into proposed swing lower […]
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$XAU/USD (Gold) 8.20.2013
Read MoreMetal has completed a cycle from 1270 and is showing a 3 wave decline from 1385. Therefore, as 1385 holds, we expect another push lower in 3 waves toward 1328 to complete wave (( b )) before metal turns higher again. We don’t like selling the metal into proposed swing lower as the initial decline […]