$SLV Ishares Silver Trust Elliott Wave and Larger Cycles

by elliottwave-forecast.com | May 6, 2020 4:08 pm
$SLV Ishares Silver Trust Elliott Wave and Larger Cycles Firstly there is data back to when the ETF fund began in 2006 as seen on the weekly chart shown below. The fund made a low in 2008 at...

Barrick Gold Corporation (NYSE: GOLD): Strong Impulse Rally In Progress

by elliottwave-forecast.com | May 6, 2020 4:07 pm
Barrick Gold Corporation (NYSE: GOLD) is the second-largest gold mining company in the world. Year-to-Date, the stock is up around 45%. The combination of low Oil’s price (major cost component for miners) and high price in gold creates a...

Selling Corn Futures (ZC_F) Rally In The Blue Box

by elliottwave-forecast.com | May 5, 2020 3:44 pm
Corn Futures (ZC_F) dropped from a high of 323’4 to a low of 300’2 last week before it bounced again. In today’s blog, we would look at the chart presented to clients before the drop took place...

Elliott Wave View: Leading Diagonal in Oil

by elliottwave-forecast.com | May 5, 2020 3:43 pm
Short Term Elliott Wave outlook in Oil (CL_F) suggests the decline to $6.53 ended wave ((3)). Wave ((4)) recovery is unfolding as a zigzag Elliott Wave structure where wave (A) is currently in progress as a leading...

Newmont Corporation (NYSE: NEM) – Impulsive Bullish Structure

by elliottwave-forecast.com | May 5, 2020 3:42 pm
Newmont Corporation (NYSE: NEM) is the world’s largest Gold mining company. Since the major low in the precious metal back in 2015 around $1050, many mining stocks rallied significantly and managed to outperform shining metals. If we take...

NFLX Ended 5 Waves Up In From The 290.47 Low

by elliottwave-forecast.com | May 4, 2020 4:19 pm
Hello fellow traders. In this technical blog we’re going to take a quick look at the Elliott Wave charts of NETFLIX (NFLX) stock, published in members area of the website.  As our members know, NETFLIX made New...

USDCAD : Trading the Breakout Lower

by elliottwave-forecast.com | May 4, 2020 4:18 pm
USDCAD Technical Analysis On April 27/2020 I posted on social media (Stocktwits/Twitter) @AidanFX  “USDCAD Still possible the pair can extend lower below 1.4000. Possible momentum breakout lower at 1.4038” USDCAD 1 Hour Chart April 27.2020 : The chart below...

USDJPY : Calling the April 2020 Move Lower

by elliottwave-forecast.com | May 4, 2020 4:17 pm
USDJPY Technical Analysis  On April 8/2020 I posted on social media (Stocktwits/Twitter) @AidanFX  “USDJPY Break below 108.60 can push the pair lower towards 108 area” USDJPY 1 Hour Chart April 9.2020 : The chart below was also posted...

Sona Nanotech (CSE: SONA, OTC: SNANF) Cycle Near Completion

by elliottwave-forecast.com | May 1, 2020 4:28 pm
The next entry in the theme of Corona Virus stocks is Sona Nanotech.  Normally I would cover a major listed stock on a USA exchange.  However, Sona Nanotech has an excellent Elliott Wave structure that is worth...

Tesla Elliott Wave View: Buying The Wave Four Pullback

by elliottwave-forecast.com | May 1, 2020 4:26 pm
In this technical blog, we are going to take a look at the past performance of 1 hour Elliott Wave Charts of Tesla Motors ticker symbol: $TSLA. In which, the rally from 18 March 2020 low ($350.51)...