Eboard10

Eboard10

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

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...

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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...

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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

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...

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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

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

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...

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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...

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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),...