beniyer

beniyer

Wave 2 completed or about to be completed. Next 2 weeks will indicate that. If it breaches the low of 26.50 then wave 2 is still in progress. But we are close. The fun will begin once wave 3 starts. Disclaimer: I have long positions in Silver.

beniyer

Wave C correction is ongoing. Prior charts are pretty much negated. Waves plot their own course, so patience is very much needed. Once this wave C correction ends, a new 5 wave impulse will begin. Positive divergences are already visible, price just needs to follow. Disclaimer: Still holding long positions in Silver.

beniyer

Silver forming a triangle and price trying to break out. Any confirmed break upwards should launch another 5 wave impulse move. Price may come down and try to retest the upper trendline of the triangle but I see bullish momentum so it should bounce upwards. Disclaimer: I have long positions in Silver.

beniyer

Silver forming a triangle and price trying to break out. Any break upwards should launch another 5 wave impulse move. Disclaimer: I have long positions in Silver.

beniyer

Wave 5 commenced. Breakout of Falling wedge pattern in wave 4, retesting upper trendline of wedge. If retest holds, it should make a new high. Once wave 5 is completed, a three wave pattern of decline will follow. Disclaimer: I am holding long positions in this stock. Hoping to get out at wave 5 and then rebuy it once correction ends.

beniyer

Wave 5 about to commence. Falling wedge should give a breakout. Disclaimer: I have long positions in this stock.

beniyer

In my opinion I believe we have a wave 3 in progress and price is currently stuck in a channel. Any breakouts from this channel will culminate in the end of wave 3. The retest will perhaps be wave 4 and then wave 5 should start. A correction will then follow and a new 5 wave impulse should then develop. Disclaimer: I currently hold long positions in Silver.

beniyer

Correction wave B is currently on going. Once corrective Wave C finishes, Silver should resume its climb upwards.

beniyer

Currently doing wave 2. Breakout of triangle will launch wave 3 which will make new all-time highs.

beniyer

Rain currently doing its complex wave 4 correction. Triangle pattern is visible and breakout of this triangle could launch the wave 5 to the high of wave 3 at least.

beniyer

Wave 4 correction almost complete. Price starts going down to complete wave 5 and then reverses upwards.

beniyer

Triangle pattern. When it breaks out of the triangle it will make a big move to which ever side it breaks. I am bullish on crude and my play is that it breaks upwards. Disclaimer: I have long positions in crude.

beniyer Updated 

Determined wave 5 potential termination targets, already crossed 16,718 so the next one is 17,320. I am hoping to observe price action the next few days and take a short position accordingly. The stop loss levels would be 100-150 points above 17,320. Wave A should then correct to at least 40-50% of wave 5, potentially more. Will see how price action develops...

beniyer

Wave 5 seems to still have some steam left. I expect the price to go up to about 394 (around that mark) before it starts correcting. I intend to watch price action over the worth coming days or weeks and take a short position.

beniyer

Currently going through wave 4. Once it retraces to 23.6. one can initiate long positions. Remember wave 3 was extended so wave 5 might not be that huge. After wave 5, correction waves A, B and C will commence. But the underlying bullishness in commodities can always extend wave 5 and the correction may end up being smaller. Will make further updates when I get...

beniyer

EW Analysis I will update the wave count as I continue to track it. This is not a trade recommendation. Purely for analysis and tracking of how ideas pan out.

beniyer

Wave 5 termination and RSI divergence leading to a correction wave a.

beniyer

Wave 5 seems to be ending and correction wave a might commence anytime now. RSI divergence indicates the same.