Gold continues to climb in wave iii of (iii) as expected but may face resistance around 1174. The best price target for completion of wave (iii) on daily chart with available data would be 1215-1220.
Nov 23, 2009
Elliot Wave Analysis on Spot Gold
Gold continues to climb in wave iii of (iii) as expected but may face resistance around 1174. The best price target for completion of wave (iii) on daily chart with available data would be 1215-1220.
Nov 18, 2009
Elliot Wave Analysis on DAX
Dax is very close to its October highs. The high probable count as of now is a completion of wave 3 close to 5850-5870 and then a correction in wave 4 and then a move up to new highs to complete wave 5. Why does it feel like Mr. Market wants to reward the bulls for their efforts in 2009?
Nov 17, 2009
Elliot Wave Analysis on Crude Oil
Crude Oil seems to have completed a complex wave 4 correction on the daily charts and a flag will be confirmed on the daily as soon as it breaks the channel lines. As can be seen on the hourly chart Wave A of the complex correction was a zig zag, wave B was a triangle and wave c was a 5 wave down move. The break above 77.70 yesterday favors trading alongside the bulls.
Multi Timeframe Elliot Wave Analysis on Spot Gold
Gold is currently in the wave iii: (iii) on the daily charts which shows there is still a significant upside left before we complete the wave 5 on the weekly.
Nov 12, 2009
Nov 10, 2009
Elliot Wave Analysis on Crude Oil (Video)
A potential long entry trade in Crude Oil. Trade management has been mentioned specifically in the video but the entry should only be triggered once price confirms the direction it wants to take!
Nov 8, 2009
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