Gold has been trading in a sideways range between $1366 and $1302 for nearly 3 months now and has not yet managed to break the consolidation on either side. This consolidation is increasingly looking like a Bullish Triangle Consolidation and once completed, should result in a thrust out of the triangle. We will also present […]

Short Term Elliott Wave view in Copper suggests that the decline to 2.938 on 3.26.2018 ended Minor wave IV. The metal started a new leg higher from there in Minor wave V. Subdivision of Minor wave V is unfolding as an impulse Elliott Wave structure. An Impulse Elliott Wave structure is a 5 waves structure where […]

Oil (CL_F) Short Term Elliott Wave view suggests that the decline to 59.95 on 3/9 ended Minor wave 2. Minor wave 3 is unfolding as a 5 waves impulse Elliott Wave Structure where Minute wave ((i)) of 3 is currently in progress as a leading diagonal. Up from 59.96, Minutte wave (i) ended at 62.33, Minutte […]

Copper (HG_F) broke below $3.5 low ($3.095) earlier today. As a result, it shows a bearish sequence from 2/16 peak ($3.272), risking for further downside. Current short term Elliott Wave view in Copper suggests that the rally to $3.272 on 2/16 ended Primary wave ((X)). The decline from there is unfolding as a double three Elliott […]

Revised Short Term Elliott Wave view in Gold suggests that the yellow metal is still correcting cycle from 12/13/2017 low ($1236.3) as a double three Elliott Wave structure. Up from 12/13/2017 low, Intermediate wave (W) ended at $1366.06 and Intermediate wave (X) pullback remains in progress as a double three. Down from $1366.06, Wave W of […]

Hello fellow traders. Another trade setup we have advised to members recently is WHEAT (ZW #F). In this technical blog we’re going to take a quick look at the past Elliott Wave charts of ZW #F  published in members area of www.elliottwave-forecast.com, explain the forecast and trading setup. As our members know, WHEAT have incomplete and […]