Silver and EURUSD Elliott Wave Analysis

By: Gregor Horvat | Tue, Dec 16, 2014
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Silver spiked higher earlier but not again reversing so looks like that wave five is now finally in play, final leg within wave C) that could look to finish an expanding flat correction around 15.90/16.00 area.

SILVER 4H Elliott Wave Analysis

SILVER 4-Hour Elliott Wave Analysis Chart

EURUSD made five waves up from a triangle towards our projected levels. Well, market could then turn south soon, but I would not be looking for any bearish moves yet, unless we get a break beneath 1.2426 bearish level.

EURUSD 30min Elliott Wave Analysis

EURUSD 30-Minute Elliott Wave Analysis Chart

 


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Gregor Horvat

Author: Gregor Horvat

Gregor Horvat
www.ew-forecast.com

Gregor Horvat

Grega is based in Slovenia and has been involved in markets since 2003. He is the owner of www.ew-forecast.com, but before that he was working for Capital Forex Group and TheLFB.com. His feature articles have been published on: SafeHaven.com, FXstreet.com, Thestreet.com, Action forex, Forex TV, Istockanalyst, ForexFactory, Fxtraders.eu, Insidefutures.com, etc. He recently won the award on FXStreet.com for Best Forex Analysis in 2016. At www.ew-forecast.com he helps clients and educate them about the Elliott wave prinicple and how to label and track unfolding patterns in real time.  His approach to the markets is mainly technical. He uses a lot of different methods when analyzing the markets such as candlestick patterns, MA, technical indicators etc. His specialty however is Elliott Wave Theory which could be very helpful especially if you know how to use it in combination with other tools/indicators.

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