We've been patient for a long while with Silver. The consolidation has taken four years, what's another couple months? When practicing as an Elliottician, it is important to not rush the process. What we are after are high confidence trading setups. If your goal is to catch every top and every bottom for every asset, or even one asset, you are setting yourself up for … [Read more...] about Silver Patience Will Pay Off
Articles
Long Term Bonds Have Arrived
There has been some discussion in the chat recently regarding long term U.S. Treasury Bonds. As part of the Chart Wizard Trading service, I personally count this chart and offer my opinion on it. I do this for multiple reasons. Firstly, Bonds are generally safe, as long as you know when to be in and out, you have a wide margin for error without making any catastrophic mistake. … [Read more...] about Long Term Bonds Have Arrived
A 50% Trading Opportunity for Solana
The reaction down from the medium term high at $126.39 subdivides as a double zigzag. Giving confidence that it was a corrective move and not motive. The reaction from $78.87, the end of the double zigzag, subdivides nicely as an impulse. In the near term, a impulsive channel has broken in a decline which is expected to subdivide as a zigzag. The guideline of the previous 4th … [Read more...] about A 50% Trading Opportunity for Solana
Nasdaq Futures: A Critical Juncture
Ever since the high on December 28th, the tech index formed an impulsive move to the downside ending on January 5th. The 15 minute chart below represents the bearish outlook. An impulsive wave containing a third wave extension with satisfying alternation between the second and fourth waves. The retracement, as of this writing satisfied the depth guideline for a second wave, … [Read more...] about Nasdaq Futures: A Critical Juncture
Russell 2000 B Wave Flat Correction Near Complete.
I was forced to relabel my interpretation of the Russell 2000 after the July 2023 high was broken. The structure is now labeled as a regular flat primary B wave correction that is either complete, or nearly complete. The next wave down should be rather fierce, as C waves tend to be. Wave C will decline in 5 waves to meet the depth guideline near the terminus of the previous 4th … [Read more...] about Russell 2000 B Wave Flat Correction Near Complete.