We can count decline off the top made in Nov’21 as a huge (W)-(X)-(Y) Double Three structure: The first leg down in wave (W) was structured as W-X-Y: The Wave (W) down bottomed in mid May 2022. The wave (X) up has A up, B down, C up Expanded Flat…...
Last week GLD dropped into the Green Target box and then turned up strongly: Looking at 30 min chart we can see that bears could have pushed lower one more time but bulls manage to push GLD over the critical resistance and by doing that they confirmed completion of a…...
Despite a great looking long trading setup NG dropped to a lower low today. However, its too rearly to discard the long setup because that low is still a way over the previous low made by wave ( 4 ) down at 5.465 in July 2022: If we zoom-in to…...
As we noted several times in September, bulls have a gorgeous long setup in crude oil: Bulls are ready to break out of that tight bullish looking wedge. That setup allows bulls to start an explosive rally in subwave (C) of wave ( 3 ) up targeting 145/ barrel…. This...