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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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Silver Elliott wave view: Looking higher
Read MorePreferred Elliott wave view in Silver suggest that the metal is showing a 7 swing Elliott wave bullish sequence (WXY) from 12/20 lows. Cycle from 1/27 low is also incomplete & favors more upside extension towards 18.31-18.71 area to reach the extreme from 12/20 lows. Near term, the pullback in Minute wave ((x)) ended in 3 […]
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Silver Elliott wave view: Resuming higher
Read MorePreferred Elliott wave view in Silver suggest that the metal is showing the 7 swings bullish sequence from 12/20 lows, Also the cycle from 1/27 low is incomplete & favoring more upside extension towards 18.31-18.71 area to reach the extreme from 12/20 lows. Silver short term the pullback in minute wave ((x)) ended in 3 swings […]
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Silver Elliott wave view: calling higher
Read MorePreferred Elliott wave view in Silver suggest that the metal is showing the 7 swings bullish sequence from 12/20 lows, Also the cycle from 1/27 low is incomplete & favoring more upside extension towards 18.31-18.71 area to reach the extreme from 12/20 lows. Silver short term the pullback in minute wave ((x)) ended in 3 swings […]
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Crude Oil: Extension higher expected
Read MoreRevised view suggests that Crude Oil rally from 1/10 low (50.71) is unfolding as a diagonal where Minor wave 1 ended at 54.08 and Minor wave 2 is proposed complete at 52.22. Crude Oil has broken above 54.08, and thus showing a 5 swing sequence from 1/10 low and favoring more upside. Near term, while pullbacks […]
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Crude Oil: The next leg higher has started
Read MoreRevised view suggests that Crude Oil rally from 1/10 low (50.71) is unfolding as a diagonal where Minor wave 1 ended at 54.08 and Minor wave 2 is proposed complete at 52.22. A break above 54.08 would add more conviction to the view that the next leg higher has started, until then a double correction in Minor […]
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Oil CL_F: Correction Still in Progress – Elliott Wave Forecast
Read MoreRally to 55.24 completed Intermediate wave (W) and ended the cycle from 8/3/2016 low. From 55.24 high, oil turned lower to correct the cycle from 8/3 low as a double three structure where Minor wave W ended at 50.71 and Minor wave X ended at 54.08. Decline from 54.08 high is unfolding as a double […]