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Captain Ewave

Captain Ewave Articles

Elliot Wave Analysis of key markets.
Elliot Wave Analysis of key markets.
Elliot Wave Analysis of key markets.
The US 10-year Bond Yield has completed wave i at the 5.021% high and we are now correcting that 5-wave impulsive sequence within wave ii, which has the following retracement levels:
Gold is also now breaking above the major downtrend line connecting 2080.70, 1987.60 and 1953.00, which is suggesting that we are going to be moving sharply higher from here!
Trading Recommendation: Go Long gold. Use puts as stops. Active Positions: Long gold, with puts as stops!
We expect the rally in the USDX to continue as we head higher in wave but for the time being we are assuming that wave b is becoming a simple 3 wave corrective pattern.
On our Daily USDX Chart we have shown our count for wave a, and we are now working on the assumption that it is complete at the 100.42 low. We should now be rallying in wave b, which has the following retracement levels:
Wave *c* of our very large wave .iv. bullish triangle ended at 1614.90 (XAU). From that low we continue to rally in wave *d*, which appears to be a simple 3 wave pattern, with all of wave ^a^ ending at the 1949.30 high.
Trading Recommendation: Go Long gold. Use puts as stops. Wave *c* of our very large wave .iv. bullish triangle ended at 1614.90 (XAU). From that low we continue to rally in wave *d*, which now appears to have become a double 3 wave rally,...

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