MCX Gold has been moving down and making lower lows and lower highs since past many sessions. With the help of Elliott wave patterns combined with simple candlestick patterns we were able to predict the down move. The Evening Star…
Comex silver: Captured reversal using Fibonacci retracement!
Post forming an interim top near 16.30 levels Comex silver has been trading lower since then. We were able to anticipate its down move even before it began just with the help of basic indicator of Fibonacci retracement. The 61.8%…
MCX Gold: Move of 200 points in one trading day! How far will it fall?
MCX Gold post making a high near 32300 levels failed to sustain its grounds. We have been bearish on this commodity when 31500 level was taken out on closing basis. Also prices have failed to show any positive reversal sign.…
MCX Silver: How to capture early down move, fall of 350 points in a single session!
MCX Silver has been moving in range of 38500-39300 since start of October. We have been using Bollinger bands which have been working amazingly to capture this range. It is important to enter the trend as early as possible to…
MCX Gold: Understanding the medium term trend and applying Hurst’s Time Cycles….
MCX Gold has been moving in volatile swings since past few trading sessions. Post making a low near 30870 levels prices witnessed an upmove towards 31430 levels due to the appreciation in the currency pair USDINR. So it becomes…
How to use indicators along with Elliott waves to develop appropriate trading strategy?
strategy or sell on rise) to apply in a particular situation. The knowledge of overall trend and indicators signal is very crucial in deciding the strategy. It helps you gauge where prices have stalled from major trend One of the…
MCX Gold: Bulls are into action, what are the upside targets?
Precious Metal has again started to show positive move from last one week. The sharp rally has been witnessed in Gold and Silver. The same was captured by us with the help of Elliott wave theory and basic technical analysis.…