RSI and Trendlines – SPY S&P500 shifted to new highs today, but how long will the trend last? As we can see, with price making new highs, RSI has made lower-highs. A possible sign of a impending short-term top. On this chart as well, I’ve drawn two trend lines to capture the recent upward movement […]

Short Term Elliott Wave View in Silver (XAGUSD) suggests that pullback to 28.58 low ended a wave (A). The metal turned higher again in wave (B) ended at 31.75 high. The market resuming lower from wave (B) high breaking below 28.58 low to rule a larger correction. It means, Silver is developing a wave (C) […]

Copper has been a hot commodity, only to fall rapidly. If we look at Copper ‘s price action history on the daily chart, there is a giant spike from the 3.57 to 5.19 area in just a few months. After that, HG (Copper Futures) has crashed back down to just 3.95 today shown here. What […]

Hello fellow traders. In this technical article we’re going to take a quick look at the Elliott Wave charts of AUDCAD published in members area of the website.  As our members know the pair has been showing incomplete sequences in the cycle from the February 2021  peak. Recently AUDCAD has given us the recovery that […]