Silver is testing the downside continuation resistance   Silver is testing 23.88 a strong downside continuation resistance as we can see on the weekly chart. A medium-term uptrend channel with well-defined breakout levels has been broken and the instrument is in the consolidation since breaking. A break below 23.88 could

Elliott Wave technical analysis with trading signals for Gold, WTI Oil, SPX, NASDAQ, DJIA   NASDAQ As with the other Indices, NASDAQ is reaching the potential end of the 5th wave from the 6620 bottom in a previous extended impulsive long-term wave. As we said, we saw a limited upside

Commodities trading overview XAUUSD, XAGUSD, COPPER, OIL   After the breakout below the triangle and channel 1950, XAUUSD is reversing higher. It is breaking above the falling trend line 1920 and by this calling for a possible retrace to 2000. A break and a follow-through below 1900 are required for

Ethereum bounce off the 350   Ethereum is bouncing off the 300-350 support zone for the upside reversal continuation. A medium-term uptrend channel with well-defined breakout levels has been formed and the instrument is bouncing off it. This bounce could lead to a test of the 500 upside channel resistance.

SPX is going for the 2nd upside long-term uptrend Pitchfork channel resistance   On the weekly SPX chart, we can see that the instrument has bounced off the uptrend long-term Andrew’s Pitchfork channel 3257  the first channel half median line. We saw a perfect bounce off this median line and