Metal made a marginal new low below 2.423 and started recovering we are going with the idea of a double correction in wave (( X ))  as per preferred Elliott Wave view and expected to test 2.633 – 2.684 region before decline resumes. Ideally expected price to stay below 1.618 ext at 2.766 for a turn lower. […]

In today’s video we are going to take a look at relation ship between Oil (blue) and SPX (black). Followers of fundamentals often argue that lower Oil means higher Indices. Looking at charts, we can see huge correlation between the 2 instruments. We use another dimension correlation in which 2 instruments could be moving in […]

Looking at Elliott wave swing sequence, Copper (HG_F) metal is showing 5 swings down from 12/9 high (2.95) which is an incomplete swing sequence so our preferred Elliott wave view is that wave B high at 2.866 would hold for another swing lower toward 2.67 (100% ext) followed by 2.61 which is 100% ext of […]

Looking at Elliott wave swing sequence, Copper (HG_F) metal is showing 5 swings down from 12/9 high (2.95) which is an incomplete swing sequence so our preferred Elliott wave view is that wave B high at 2.866 would hold for another swing lower toward 2.67 (100% ext) followed by 2.61 which is 100% ext of […]

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 from 12:30 PM  EST (5:30 PM BST), join Dan there for more insight into these proven methods of trading. CL […]

We think the  yellow metal is in a triple three structure higher from 1131 low when wave (( Y )) ended at 1221. 2nd wave (( X )) ended at 1186 and as pull back holds above 1186 low, preferred Elliott Wave view suggests, metal could trade as high as 1265 to complete wave X correction […]