Elliott Wave Training

Are you looking to learn the Elliott Wave principle? Or maybe you already have some experience and want to find the ways to improve your skills better.

Click on this post for details:

http://wavepatterntraders.blogspot.com/2012/04/elliott-wave-training.html



Sunday, September 21, 2014

Elliott Wave Analysis of GDX

Should it be a surprise to you that Gold stocks are puking again?


Well it maybe a surprise to you, but not to us. Members have been fully expecting lower prices for a number of months now.We still think we see more downside to complete wave 5 of [3], so under $20.00 is likely but ideally a move towards. $17.00 - 16.00 is seen.


That's where i think it will offer the bulls a great chance to start to accumulate this stock, so as price moves lower and if you are a bull, embrace the opportunity to buy at great levels.

Once wave [3] is completed i am expecting a move towards 35.00 for wave [4] so the potential for a "2 bagger".