Worked out a slightly different approach starting with an expanded flat from 10/02/18 to 3/20/20. At this time we are trading lightly both bearish and bullish (keeping a good amount of cash handy). Greenback looks correcting downward soon (all pairs oversold), we may see a bounce back in commodities in the medium short term. Trade your plan.
Bias more bearish considering all the bad news. Trade your plan.
Bias more bearish considering all the bad news. Trade your plan
Bias is less bullish considering all the bad news. Trade your plan
Very carefully checked Elliott count. Bias is less bullish considering all the bad news these days. Potentially wave 3-4 and about to enter wave 5 of an ending diagonal. Trade your plan.
Elliott Forecast. Note the wave correlation between the 10-yr yield and the Russel US2000. The RUT tends to consolidate as the 10-yr yield lowers or corrects. Trade your plan.
NIKKEI may rise to top of channel and support us-indexes in the day ahead before comming down further.
While not 100% perfect, ITS possible the pattern will continue, trade your plan. NO recommendation.
While not 100% perfect, Its interesting to NOTE over the past 1 1/2 year the VIX's lower-LOW's , have been bouncing on a Fibonacci time sequence. If the pattern continues, from here to the next low there MAY be another peak in-between.
Plausible Elliott possibility for reference,... trade your plan.
We will see tomorrow if the NAS continues to channel lower. If NAS breaks the channel to the upside wave-iii and iv will move upward. For the NAS we are being very careful with small entry LONG positions (incremental) and keeping a good amount of powder dry (anticipating the possibility to buy in later) just dabbling in and out until the NAS resumes a positive...
This morning The NAS broke out of its short-term lower channel and appears to be resuming and respecting the longer-time upward-channel (shown) We continue to be careful with small short term positions with tight stops until we have a new high.
Warning VERY dangerous stock, DON'T mess with it ... Its a real widow maker. I am only posting it because its a beautiful pattern ( like how a scorpion is beautiful ) stretching over many years. I'm not in it and I have no recommendation.
IMO Silver will be Sideways/to UP for awhile, (lowering the Gold/Silver ratio, moving counter to Gold). Then looking for long opportunities on Silver after completion of ABC pattern. Trade your Plan this is just my IDEA
Be prepared to take early profits if Yellow path plays out, keep an eye on the dollar.
Gold may be going to the MOON and we may get stopped out, but there is a relatively small risk here. We just couldn't pass on this great technical set-up. A bit of a gamble but let's see.
This IDEA came to me as a surprise to me, BUT its entirely possible. If this Cup & Handle pattern plays out; As we go into next year, silver's additional earnings potential/power will generally degrease with time when compare to GOLD. But it will still rise higher as a percentage.