"All human activities have three distinctive features: pattern, time and ratio - all of which observe the Fibonacci Summation Series" (R.N. Elliott - "Nature's Law - the Secret of the Universe" - 1946)

Monday, November 17, 2014

Elliott Wave analysis of stock market indexes and GOLD

Close to a correction in b minute of z minor;
the great upward correction has not yet ended. 

In the top of wave 1 of 5 minor;
it will be a parabolic pattern or an ending diagonal?

 My optimal target has already been exceeded.
I am stunned...

 Some European stock indexes, no one really interesting;
even if they appear close to a Top, open short is still too dangerous...

With Silver is one of  the most interesting markets of the future;
after a completion of an downward five wave pattern, wave (a)
it is possible an upward correction like zig-zag (b)
then last drop in (c) wave that completes wave [Z] of II Cycle.
A great bull market is coming soon!

Best wishes for your trading!