Yellow metal has resumed the decline as expected and yesterday our system confirmed that cycle from 1131 low had ended and that wave ( X ) high should have been in place at 1208.We are beginning to see more confirming price action for that today. We think we have seen a short-term connector wave (x) […]

$HG_F (Copper) has been rejected in every rally and we maintain our bearish Elliott Wave view on Copper for at least another extension lower. We think new high & failure seen on Friday completed wave X and next leg lower has started. Near-term focus is on 2.995 – 2.983 area to complete wave (( w )) […]

$HG_F (Copper) has been rejected in every rally and we maintain our bearish Elliott Wave view on Copper for at least another extension lower. We think new high & failure seen on Friday completed wave X and next leg lower has started. Near-term focus is on 2.995 – 2.983 area to complete wave (( w )) […]

Gold is showing 5 swings down from July peak (1345) which many Elliott wavers are labelling as a 5 wave move but it doesn’t show any divergence between the last 2 lows which negates the idea of a 5 wave impulse and hence we like the idea of a 7 swing structure in progress as […]

We will talk about a 5 wave move in this Educational Video which doesn’t happen very frequently. When one finishes reading an Elliottwave book, they would try and look for a 5 wave move everywhere. Wave 1 is nothing more than a fight between old trend & a new trend. Wave 2 is when old […]

HG_F (Copper) has been trading sideways since 11.5 (2.964) low. We have seen multiple rejections in 50 – 61.8 fib inflection zone (3.0400 – 3.057) as buyers and sellers try to overcome each other. We expect this consolidation to resolve to the downside as far as 3.116 high remains intact. Preferred Elliott Wave view suggests […]