Eboard10

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Markets Allocation
63 % stocks 13 % cryptocurrency 25 % other
Top Mentioned Symbols
GDX 37% | 6 DXY 12% | 2 LTCBTC 6% | 1 BTCUSD 6% | 1
Eboard10 Eboard10 GDX, 120, Long ,
GDX: GDX: Gold Miners ready to take off?
97 0 7
GDX, 120 Long
GDX: Gold Miners ready to take off?

The latest price movement suggests that we are likely setting up for a big move upwards as wave iii of (iii), which in Elliottwave theory is seen as the most impulsive of waves. If the GDX moves above $24 in an impulsive way over the next few weeks, we would then be looking at a target of $30 within the next 3-4 of months. If, however, the price doesn't follow ...

Eboard10 Eboard10 GDX, 120,
GDX: GDX - Gold Miners at a Critical Juncture
125 0 7
GDX, 120
GDX - Gold Miners at a Critical Juncture

The miners are reaching a pivotal point that will determine the price pattern over the following months. In my previous post back in Feb, I provided a count and stated that the GDX would be bottoming at around $20 before resuming the bullish trend. While the count is still valid, wave (ii) has protracted longer than what I had initially expected as we are still ...

Eboard10 Eboard10 GDX, 120, Long ,
GDX: GDX - Trend Reversal in Miners To Start Soon
160 0 6
GDX, 120 Long
GDX - Trend Reversal in Miners To Start Soon

The current drop has many investors thinking that the long term correction in the miners is still ongoing. However, the current price movement is playing out more as a short term corrective wave (ii) of a larger degree wave 1 that should take us above $30 sometime this summer. I am currently expecting a bottom to be reached somewhere above $20 before the ...

Eboard10 Eboard10 GDX, D, Long ,
GDX: GDX - Miners on the rise
137 0 3
GDX, D Long
GDX - Miners on the rise

The miners are following the same bullish pattern as gold and silver, having resumed the bull trend as a wave 1 of an extended wave (3) which should take us to $30 over the next couple of months and very likely north of $50 over the next year. A drop below $18.60 would invalidate this count, though it seems unlikely given the current setup.

Eboard10 Eboard10 XAGUSD, D, Long ,
XAGUSD: Silver to revisit last year's $21 high
46 0 1
XAGUSD, D Long
Silver to revisit last year's $21 high

The precious metal charts are looking very bullish, with a clear 5 wave structure off the Dec' 15 low followed by a corrective 3-wave retracement marking the end of wave (2), meaning that we have now resumed the bull trend. The price of Silver has been rising steadily for the last month and we should see this trend continue, taking us close to last year's high of ...

Eboard10 Eboard10 USO, 15, Long ,
USO: Oil Ready to Propel Higher
40 0 0
USO, 15 Long
Oil Ready to Propel Higher

The USO has likely completed the current corrective move and is ready to resume the bullish uptrend as part of an extended larger degree wave (3). While there is the possibility that the correction extends to target the 61.8% retracement of wave 1 around 10.74, the minimum number of sub-waves to complete wave 2 has been reached. Moreover, extended wave 3s tend to ...

Eboard10 Eboard10 DXY, D, Short ,
DXY: Nearing a Top in the Dollar
149 0 2
DXY, D Short
Nearing a Top in the Dollar

The Dollar is nearing a medium-term top as a wave B of (4). While we may have already reached the top, I would still expect one last move up with the DXY peaking just under the 100 mark around 99.7. This would fit well with the length of wave c being equal to wave a. Once a top is confirmed, the price movement should resume the downtrend to complete the ...

Eboard10 Eboard10 SLV, 30,
SLV: SLV - Likely to Bottom in November
99 0 2
SLV, 30
SLV - Likely to Bottom in November

The next couple of days will determine the time horizon for Silver to complete the larger degree wave (2) correction. Wave 4s are known to be the most unpredictable ones as they can extend for a long time and are more likely to take complex forms than wave 2s. Given the current price movement, SLV is either going to move up as a wave c of iv to reach the mid ...

Eboard10 Eboard10 GDX, 15,
GDX: GDX - On the Brink of a Final Move Down?
167 2 4
GDX, 15
GDX - On the Brink of a Final Move Down?

This past week we saw the gold minders rise into a wave iv of C topping at 25, followed by a sideways move that has yet to reveal its direction. This high could represent a nice topping area to make space for a last leg down as a wave v. However, the price movement this week could still see the GDX make a small move up to complete wave iv before resuming the ...

Eboard10 Eboard10 GDX, 30,
GDX: GDX - Bull Market Soon to Resume
261 2 8
GDX, 30
GDX - Bull Market Soon to Resume

We are nearing a bottom in the gold miners in the form of a wave 2 of the full wave 1 move up from the January low. The recent price movement on Friday gave us the setup for the final leg down as a v of C which can take the shape of a 5-wave impulsive move down or an ending diagonal. The bottom should be struck between the 50% and 61.8% retracement of the larger ...

Eboard10 Eboard10 GDXJ, 30,
GDXJ: GDXJ - Ending Diagonal In Process
39 0 1
GDXJ, 30
GDXJ - Ending Diagonal In Process

I'm seeing wave C possibly shaping up as an ending diagonal to complete wave 2 of the larger degree correction. If the price movement follows the blue count on the chart, we should be going down in 3 waves a-b-c to form a bottom around the 50% retracement of the larger impulsive wave 1 high of 52.50, potentially going a bit lower. This would be an excellent ...

Eboard10 Eboard10 HMY, 30,
HMY: HMY - Correction Nearing an End
27 0 2
HMY, 30
HMY - Correction Nearing an End

Harmony Gold is following the correction seen across the gold miners. I see two similar counts playing out over the next few weeks: Blue count: the whole wave C is an ending diagonal and we are currently in wave iv of the final move down. Red count: an alternative count would see us fall to lower lows beginning of next week to complete wave iii of C and then ...

Eboard10 Eboard10 XAGUSD, 60,
XAGUSD: Silver - Bottom in Sight
85 0 3
XAGUSD, 60
Silver - Bottom in Sight

The correction in Silver should soon approach a bottom targeting the 61.8% retracement of the full impulsive Wave 1 that started in December last year. If the bottom is followed by a strong price movement to the upside, we will have resumed the bull trend in a Wave 3 that should take us to at least 28 and potentially higher if it develops into an extended wave. A ...

Eboard10 Eboard10 DXY, D,
DXY: DXY Sideways Trend Could Persist Another While
21 0 0
DXY, D
DXY Sideways Trend Could Persist Another While

The dollar could still be in correction territory with a bottom target of 89.5, possibly going all the way down to 87.7 if the latter is broken to the downside (blue count). A move above the 97.5 mark instead would invalidate the blue count and confirm that Wave 4 has either already completed and we have resumed the longer term uptrend to 100+, or that we are in ...

Eboard10 Eboard10 BTCUSD, 45,
BTCUSD: BTCUSD Short Term Corrective Rally
152 2 0
BTCUSD, 45
BTCUSD Short Term Corrective Rally

We are looking at a possible short term rally to $270, targeting the 61.8% retracement of the late August drop over the next week. To the right of the chart, the first Fibonacci levels represent the extension of Wave (A) to estimate levels for Wave (C). The second scale represents the extension of Wave 1 of C to estimate the levels for Wave 5 of C. It's possible ...

Eboard10 Eboard10 LTCBTC, D,
LTCBTC: LTCBTC - Patience Pays $$$
121 0 2
LTCBTC, D
LTCBTC - Patience Pays $$$

Between 2012 and 2013, Litecoin saw an exponential rise which brought it from a fraction of a cent to almost $50 in less than 2 years, a rise only matched by Bitcoin in its early days. However, as with all stocks, sharp rises are followed by long and deep corrections and cryptocurrencies are no exception to this rule. Having completed an extended Wave (3), ...

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