Elliott Wave View: SIL (Silver Miners) May Have Bottomed

by elliottwave-forecast.com | November 21, 2022 5:33 pm
Silver Miners ETF (SIL) may have ended the correction to the cycle from March 2020 low. The correction took the form of a double as the chart below shows: A double three is labelled as WXY. The...

“Banks are becoming more cautious about lending”

by ForexCycle.com | November 18, 2022 5:30 am
By Elliott Wave International Robert Prechter’s Last Chance to Conquer the Crash discusses the psychological aspect of a deflation: When the trend of social mood changes from optimism to pessimism, creditors, debtors, investors, producers and consumers all change their...

Bitcoin Failed At The Equal Legs Area

by elliottwave-forecast.com | November 16, 2022 4:30 pm
In this technical blog, we will look at the past performance of the 4-hour Elliott Wave Charts of Bitcoin. In which, the decline from 15 August 2022 high ended 5 waves in an impulse sequence and showed...

The Price Of Wood Could Already Have Started To Rise

by elliottwave-forecast.com | November 14, 2022 5:31 pm
WOOD tracks the S&P Global Timber & Forestry Index, a cap-weighted index of the 25 largest forestry firms around the world. The fund starts with all the eligible securities from the S&P Global BMI that are classified...

$1810: Electronics Giant Xiaomi Trading in Buying Area

by elliottwave-forecast.com | November 14, 2022 5:00 pm
Xiaomi Inc.  is a Chinese designer and manufacturer of consumer electronics and software. Behind only Samsung and since 2021 surpassing Apple, it is the second largest manufacturer of the smartphones in the world. Most of them run...

Crude Oil: 23 Years of Spot-on Forecasts You Can Fact-Check

by ForexCycle.com | November 10, 2022 12:51 am
By Elliott Wave International Everyone who drives a car is relieved that gas prices have dropped from what they were a little while back. However, if one major Wall Street firm is correct, get ready for higher...

BMO – Expect Correcting Lower Towards Support Zone

by elliottwave-forecast.com | November 8, 2022 5:13 pm
Bank of Montreal (BMO) provides diversified financial services primarily in North America. The company’s personal banking products & services include checking & savings accounts, credit cards, mortgages, financial & investment advice services & commercial banking products &...

SPY ETF Selling The Rallies At The Blue Box Area

by elliottwave-forecast.com | November 7, 2022 8:24 pm
Hello fellow traders. Another trading setup we have had recently was selling the rallies in SPY ETF.  In this technical blog we’re going to take a quick look at the Elliott Wave charts of SPY published in...