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Short term Elliott Wave view in Silver (XAGUSD) suggests that the metal ended wave ((2)) at 22.09. Up from there, the metal rallies as a 5 waves diagonal Elliott Wave structure. Up from wave ((2)), wave (i) ended at 22.68 and dips in wave (ii) ended at 22.27. The metal extends higher in wave (iii) towards 23.04 and pullback in wave (iv) ended at 22.82. Final leg wave (v) ended at 23.09 which completed wave ((i)).
Platinum (PL) is still correcting cycle from 9.1.2022 low and the correction is likely in the form of expanded flat. In this article, we will update the longer term Elliott Wave outlook for Platinum. We also present an alternate view if the pivot at September 2022 low (803) fails, which suggests a bigger correction against March 2020 low remains in play. In the bigger picture, the metal is in a bullish grand super cycle move higher against March 2020 low.
Hello fellow traders. In this technical article we’re going to take a look at the Elliott Wave charts of Nvidia (NVDA) , presented in members area of the of…
The Chartist is carefully watching the S&P500 to see if support can hold in the uptrend
Litecoin (LTCUSD) shows a bullish sequence from 6.14.2022 low favoring further upside. Short term, rally from 3.11.2023 low is in progress as a 5 waves impulse Elliott Wave structure. Up from 3.11.2023 low, wave 1 ended at 103.41 and pullback in wave 2 ended at 71.37. The crypto currency has extended higher again in wave 3. Up from wave 2, wave (i) ended at 78.43 and pullback in wave (ii) ended at 75.73. The crypto currency extends higher again in wave (iii) towards 88.79 and pullback in wave (iv) ended at 84.48. Final leg wave (v) ended at 93.80 which completed wave ((i)). Pullback in wave ((...