Wave B high is proposed to be in place at 3.32. Triangle consolidation broke lower as expected, expect a test of 3.209 – 3.225 area to produce a corrective (( b )) wave bounce and lower again.

Preferred view suggests wave B completed 99.40 and rally from this level is  taking the form of impulse. Wave (( i )) was a leading diagonal which ended at 101.13, wave ((ii)) completed with a dip to 100.57 and wave (( iii )) was 1.618 ext of (( i )) which ended at 103.34. We […]

Recording of NY Live Session (19 Feb 2014) . We explained pivot table toward the end of the session [jwplayer mediaid=”158335″]

Preferred view suggests wave B completed 99.40 and rally from this level is  taking the form of impulse. Wave (( i )) was a leading diagonal which ended at 101.13, wave ((ii)) completed with a dip to 100.57 and wave (( iii )) was 1.618 ext of (( i )) which ended at 103.34. We […]

Elliott Wave Theory was discovered by Ralph Nelson Elliott in 1930’s. Elliott wave theory is a study of crowd psychology or human nature which has evolved since 1930’s. This means Elliott Wave Theory also needs to be adjusted to make accurate use of it, we have done exactly that and developed NEW Elliott Wave Theory […]

While above 20.78, expect more upside toward 22.20 region to complete wave 3 after which there should be a pull back in wave 4 and another leg higher. We don’t like selling Silver at this stage as the next expected pull back should be a corrective one.