Rally from wave X at 107.31 is in 5 swing which suggests an incomplete sequence and likely need further upside in 7 swing. The rally from 107.31 is unfolding in a double three where wave ((w)) ends at 1109.6, wave ((x)) ends at 1092.29, and wave ((y)) is currently in progress. Internal of wave ((y)) is also unfolding […]

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 at 8:00 AM  EST , join Dan there for more insight into these proven methods of trading. CL – […]

Introduction | SILVER:XAG and GOLD:XAU Let’s start from what we know so far. Gold:XAUUSD has been devaluated by approximately 42% since 2011’s all times highs 1.920 level and Silver:XAGUSD has been devaluated by almost 73% respectively from 2011’s all times high 49.780 level. Plain and simple Gold has lost almost half of its value while […]

Correlation between Oil and $USDCAD One of the biggest trades in 2014 – 2015 is undeniably Oil and the correlated commodity currency Canadian dollar, or sometimes called Loonie. For some reasons, most Americans typically associate big crude oil exporters with Persian Gulf countries like Iraq, Kuwait, or Saudi Arabia. However, in reality, majority of crude oil consumed in the […]

Short term reading of the Elliott Wave cycle suggests the decline to 39 at 11/21 ended wave ((B)) and oil has turned higher in a double three structure where wave (w) ended at 41.66, wave (x) ended at 40.41, and wave (y) of ((w)) is proposed complete at 43.46. Wave ((x)) pullback is currently in progress to correct 11/21 cycle in […]

Short term reading of the Elliott Wave cycle suggests the decline to 39 at 11/21 ended wave ((B)) and oil has turned higher in a double three structure where wave (w) ended at 41.66, wave (x) ended at 40.41, and wave (y) of ((w)) is in progress towards 43.15 – 43.8 to end the cycle from 11/21 low. Once […]