Another high risk trade, like AUMN. Holding a (1)-(2), 1-2 set-up at the moment. Projections off that spike low are perhaps suspect. Stop below 0.22, or certainly at 0.17. Please keep your position size small...I certainly did.
Still waiting for launch in the 3rd. Solid (1)-(2), 1-2 set up. Below 0.48 I get concerned. This is a very risky choice; below 1.00 here. Mind you position size and respect what could be a low volume spike down, possibly stopping out what could otherwise be an exciting trade.
I'd like to see AngloGold hold 9.63 for (2). Was close enough and in the target region so I added some the other day. Targets are projected based on 10.45 low; subject to slight modification. Below 9.63 the pattern is still valid but I'd want to see an initial 5-wave impulse up to add confidence.
Not completely convinced Alamos Gold has bottomed in (2). Here's a notional projection if it has. Deeper (2) would actually raise these targets slightly. Stop at 6.04, or as deep as 4.50 if your position is small enough and your horizon long enough...
Russell 2000 MACD has the look of a (iii) topping here. Price objective certainly met. Support shown for (iv), but price doesn't have to go that low. I'm long for a swing trade and don't plan to hop in-and-out in what might be a strong 3rd. Definitely not shorting this, but that's just my style.
Some of my Elliott Wave annotations disappeared (thanks tradingview). I've replaced them and realized I hadn't updated SPY in a while. I'm long expecting a 3rd wave in (5) of primary 3. Potential entry (or leverage opportunity) to be added below in an hourly chart. I think I've got a SPY or SPX weekly chart idea posted in the past month or so with the bigger...
No confirmation yet that Primary 2 has bottomed, but the potential upside here is remarkable. Gonna need a loose stop if you use the 61.8% retrace (bottom of green box).
I'm long PALL (etf) from 61.20. White count, while valid, is suspect given the deep wave 4 (below the 61.8% extension). I've added the blue count--a variation of sub-divisions in wave (3) with much higher targets. Given the rally stalled at the 100% extension off the lows, then failed to hold the 61.8% extension, I'm not sure the full impulse will play out to (5)...
We have arrived at my initial target for wave (iii) of cir-iii of 3. That was fast...and no reason it can't keep grinding higher from here. Pullback in wave (iv) should find support in prior resistance region. That support will move higher if price keeps grinding.
Seabridge bottomed earlier than many miners. So far it topped at the 100% extension (log-scale). That has me concerned as it would normally count as the (3) of P3. I've annotated it as an extended (1) of P3 instead since the retrace is too deep for a 4th wave, imo. That'll extend targets for (3) and P3 beyond normal expectations, but that's not entirely...
Penny stock (currently). Not for the faint of heart. I didn't take a second mortgage for this position (and neither should you). Something like a lotto size position, if you must. Note: positive divergence holding nicely on MACD, but wave (2) box goes some -43% deeper...
Pretium Resources bottomed about two years earlier than many other miners. This should be wave (4) of primary 3, and technically still valid, but I'm skeptical perhaps something else is in play. The move up stopped near the 100% extension of primary 1-2, a typical A=C corrective target. However, its also a typical (3) of 3 target so I gave it the benefit of the...
Royal Gold in holding up well, considering. It's another on that has be caught between two possible counts. Alt blue 2 can go quite a bit deeper but not necessary.
Holding up well considering. Encouraging signs of a potential start to possible start of (1) in Primary 3
McEwen Mining bottomed earlier than many other miners. Getting a confident Elliott Wave count has been challenging. The white 1-2, (1)-(2) is still technically valid but broke below ideal support for (2). Alt blue Primary 2 can come significantly deeper, as shown. If an impulsive move forms above recent highs then that would be an early encouraging sign of...
Looked like a solid reaction off the top of retrace support. I was a bit early here, but layered in small. Price made an initial 5-waves move up, but cir-ii is questionable and I haven't seen cir-iii of 1 forming like it should. Gonna give it more time.
Ridiculous potential here, but needs to show some sign of turning. I was too early here, too. Might keep layering in though as my initial position was relatively small.
Holding up fairly well here considering. Next target should be clear. Blows through 3.00 range and could be in the more aggressive bullish count.