How to identify Impulse patterns? Elliott wave on Stocks, Gold, Silver, Crude, Copper

Trading using Technical analysis, Elliott wave and charts on Stocks, Gold, Silver, Crude and Copper. Visit https://www.wavesstrategy.com for Commodity tips. Also see trade setup on Nifty, Bank Nifty and Stock tips.

Power of Impulse pattern – Gold, Silver, Crude & Copper!

The below charts show power of impulsive pattern across the commodities – Gold, Silver, Crude and Copper.Many are fixated upon movement of equity markets which has been subdued since the start of New Year whereas commodity has been providing ample opportunities on the long side.

We have seen strong trending moves in Base metals, Energy pack and Precious metals as well. See the below charts of different commodities published in today’s morning research report – The Commodity Waves short term update.

See how easy it is to trade an impulsive trend if you are placed the right direction. You might refer our previous articles on Copper and other metals as well where we captured the entire up move and we turned bearish post wave v completion which helped to capitalize on the past few days of correction as well.

MCX Gold 60 minutes chart:

MCX Silver 60 minutes chart:

MCX Crudeoil 60 minutes chart:

MCX Copper 60 minutes chart:

So, once you have the Elliott wave structure or pattern you now know the address of the market. Using this co-ordinate you can formulate the trading strategy and use appropriate indicators.

So, if we expect a trending move then Moving averages will provide good support to prices, whereas during sideways action Bollinger Bands will do the magic!

Along with charts, it is important to see the support and resistance levels which we give along with the research daily morning.

Get access now to “The Commodity waves short term update” and trade the asset where the opportunity lies. I believe we should be flexible in switching the asset to the ones that are trending. Right now, it seems Commodity is the place to be in – Subscribe Now here

In case you do not have time to analyse and read the charts yourself subscribe to our Intraday / Positional Commodity Tips services where we monitor and shoot the calls based on opportunities. We have been able to capture amazing moves on Gold, Copper and other metal space over past few days. Subscribe for Commodity Tips and get research report free. Get access here

How to trade Silver using Elliott wave pattern?

For daily research updates visit 

Silver daily movement can look very tricky especially when it is trading in a range. But if we apply simple technical analysis method like support and resistance zone along with Elliott wave pattern the chart makes all the more sense and provides high conviction trade setup.

Now look at below Silver 60 mins chart with no markings. This looks like a random movement.

Silver 60 mins chart:

Now look at Silver chart below along with marked Support and Resistance zone and Elliott wave counts. This current ongoing pattern is double Flat corrective pattern where first Flat correction is connected to the 2^nd Flat corrective pattern with wave x in between. To get more clarity apply an indicator say RSI and see the support and resistance zone for this indicator itself.

MCX Silver 60 mins chart :( March Contract)

Wave analysis:

In the morning report of “The Commodity Waves STU” which is a daily research report covering Gold, Silver, Crude, Copper we published the following:

For MCX Silver in yesterdays update we mentioned that, “any move below 44350 will continue the down move towards 43800/43700 where support is placed.”

As expected, after breaking the support of 44350, price quickly moved lower till 43600. Now, same as Gold, MCX Silver prices have arrived near the support level from where it has bounced back many times.

As shown in 60 mins chart, in yesterday’s trading session prices arrived near the support of horizontal line and consolidated for 6 hours. Opposite to Gold, the fall from 45500 to 43600 look impulsive in nature. Now, to continue the down move it is imperative for prices to move below the important support...

So what should be trading strategy from here on and the probable direction of breakout? To know the answer you can subscribe to “The Commodity Waves Short term update” by visiting http://wavesstrategy.com/index.php/store.html and receive daily research report with charts and explanation. What more? If you have any doubts with respect to research report get in touch with us via email or on messenger and we will be keen to clarify it asap. Do not miss the next trending move that looks to have started across commodities. You can also subscribe for intraday and positional advisory and get the research reports absolutely FREE!

COMEX and MCX Silver: Trading using Elliott Wave

COMEX and MCX Silver: Trading using Elliott Wave

By Waves Strategy Advisors, www.wavesstrategy.com

This article on Silver explains how “The Commodity Waves Short Term Update” uses objective Elliott wave analysis as well as Technical Tools to navigate the near-term trend changes in Silver.

We have mentioned in the previous update on Comex Silver that, “It was the sixth trading session and till now prices failed to closed above the bearish candle which was formed last week. This slow retracement signals negativity for this commodity and prices could move lower till the support of 32.50 or even lower in the coming days”. BANG ON!!!

Comex Silver chart:

Comex Silver moved lower as expected. Prices breached the support of 32.50 level and made a low of 32.25 level. Yesterday it has formed a bearish candle and resumed the downtrend. In near term, 33.20/33.30 will act as a strong resistance level. Any move on the upside will provide the bearish opportunity and prices could move lower till 61.8% of retracement of 32.10/32 level.

MCX Silver chart:

Wave counts and important levels in MCX Silver have been hidden purposely as it meant for paid clients.

Similar to MCX Gold, MCX Silver opened on a lower note, in the early market hours it has breached the support of 62500 levels decisively and moved below the previous low of 61600.

As per wave perspective, double zigzag corrections have evolved into triple zigzag pattern connected by wave x. This indicate further………….Opportunity arrives.

To know the further opportunities of tomorrow which might look random today, Subscribe to Waves Strategy Advisors daily forecast with complete price levels, targets and future trend forMCX and COMEX Gold, Silver and other metals.

To Subscribe visit www.wavesstrategy.com or write to us helpdesk@wavesstrategy.com or call us at +91 9920422202

Silver fall Predicted exactly 24 hours before - Waves Capital

Silver anticipated on 16th Nov 2011 (before 24 hours)

Silver Happened 17th Nov 2011 (after 24 hours)

Chart courtesy: Netdania

Silver fall of more than Rs. 3000 was predicted exactly 24 hours prior it happened in the short term update report of Waves Capital. We published this chart to our International commodity report subscribers. The above chart needs no explanation and even the low marked exactly after 24 hours was at $ 31 as forecasted in first chart by red line. It is simple a thrilling experience and wanted to share across with my readers!