India S&P CNX Nifty 50 Elliott Wave Update
The Nifty 50 has now achieved original upside targets at 7954.00+/- with Monday’s high of 7968.25. A reversal is necessary to confirm the completion of minor wave iii.’s advance from the Feb.’14 low of 5933.30 and validate a 4th wave counter-trend decline in the months ahead. Basis a fib. 50% retracement ratio, idealised support is […]Continue reading «India S&P CNX Nifty 50 Elliott Wave Update»
Agnico Eagle Mines: ‘Gold miners are showing a light in a tunnel’
The gold and silver decline that began from the April/Sep. ’11 highs is now more than 3 years in progress. The same can be said about gold miners including our benchmark GDX (ETF) index and some of its major equity components such as Newmont Mining, Goldcorp and Barrick Res. Like the GDX, these too have […]Continue reading «Agnico Eagle Mines: ‘Gold miners are showing a light in a tunnel’»
Stock Markets begin multi-month decline
Dear Elliott Wave Enthusiasts, Stock markets have finally staged a reversal [sell] signature late last week to confirm the S&P 500’s upside completion of intermediate wave (3) that began from the June ‘12 lows. Many of you that have followed our Elliott Wave price forecasts for the last several years will know that our last […]Continue reading «Stock Markets begin multi-month decline »
Hungarian Forint Elliott Wave analysis
Questions from our Elliott Wave Compass subscribers form an important part of our relationship at WaveTrack International, and this is especially true when we’re asked for a ‘helping-hand’ in analysing a contract that is not so often featuring in mainstream news. In this update, we are challenged into applying the Elliott Wave Principle (EWP) to […]Continue reading «Hungarian Forint Elliott Wave analysis»
Triple fib-price-ratio convergence
Back in early July, we presented a triple fib-price-ratio convergence level that proved to be a rock solid resistance. The S&P 500 index was trying to reattempt these highs several times but finally gave up and the result of all of that is a free fall decline. Yesterday we published an interim report to all […]Continue reading «Triple fib-price-ratio convergence »