Question: From an Elliott Wave Perspective, What do Gold and Silver have in Common Right Now?
Question: From an Elliott Wave perspective, what do Gold and Silver have in common right now? Answer: They have simultaneously arrived at the extreme of wave 2 within their preceding extended 5th waves. Quote from Frost & Prechter, Elliott Wave Principle, 1978-2006, 10th Ed. p 68: (under the heading: Behavior Following Fifth Wave Extensions) “The […]
Elliott Wave Analysis of Gold Miners (GDX) by Sid from ElliottWavePredictions.com
Elliott Wave Analysis of Gold Miners (GDX) by Sid from ElliottWavePredictions.com. Click on the charts twice to enlarge. The Market Vectors Gold Miners ETF (GDX) has continued to the downside as expected in my last GDX post, but if the attached analysis of the most recent wave structures is correct, the bottom is close at […]
Elliott Wave Update on the Euro from Sid at ElliottWavePredictions.com
Elliott Wave Update on the Euro from Sid at ElliottWavePredictions.com. Click on the chart twice to enlarge. In my last post (on June 6), I said that the Euro would continue to chop higher in a series of 3-4’s. This appears to have occurred, and now the EUR/USD pair may now be putting in a […]
Elliott Wave Analysis of the EUR/USD Currency Pair by Sid from ElliottWavePredictions.com
Elliott Wave analysis of the EUR/USD Currency Pair by Sid from ElliottWavePredictions.com. Click on the chart twice to enlarge. The Euro count shown in the last post was invalidated by today’s upward blast, so here is my revised main count. As you can see, I’m still thinking that the 4-year long triangle in the Euro […]
Quick Elliott Wave Update on the Euro (EUR/USD) from Sid @ ElliottWavePredictions.com
Quick Elliott Wave Update on the Euro (EUR/USD) from Sid @ ElliottWavePredictions.com. Click on the chart twice to enlarge. Today’s burst higher in the Euro does not change the main wave count. Deep wave 2’s are not at all uncommon, and the upward movement from the May 17 low still counts best as corrective. So, […]
