Come on in my trading office and let me walk you through our latest option setup in the gold mining ETF. We use Elliott Wave and Fibonacci analysis to pinpoint the exact support and resistance levels for this trade setup.
Learn more about TradingAnalysis.com here.
Plan Your Trade, and Trade Your Plan,
Todd Gordon
Silver has overshot the target set at the $20 mark in my June post leaving the gold in the dust. The AB/CD concept is simple yet effective as it utilizes perpetual Fibonacci ratios.
Ok, that’s done, but what is next? Let’s look at the charts below. I put the monthly chart first to refresh the global outlook for the soaring metal.
Chart courtesy of tradingview.com
The metal has finally shot above the black downtrend, which I was talking about in my March update. It was a vital need for silver to break loose from the multi-year grip to stop the drop. Continue reading "Silver Has Hit The Target And Marked A New One!"
Doing some tape reading today we notice a clear theme of energy, material, and metals leading us higher, but what's happening with tech and consumer discretionary? We then dive into the Elliott Wave and Fibonacci analysis of the S&P, which further suggests it might be time to move.
Learn more about TradingAnalysis.com here.
Plan Your Trade, and Trade Your Plan,
Todd Gordon
Bonds have been wrapped up in a low-volatility Elliott triangle, but they look set to lift off. Here's how we're setting up the options trade using Fibonacci.
Learn more about TradingAnalysis.com here.
Plan Your Trade, and Trade Your Plan,
Todd Gordon
The Fed talked a tough game yesterday about possible interest rate increases. Interest rate sensitive sectors got stampeded today threatening a possible end to the 7-year charge. We look at some key market setups and option trades for the next move...
Learn more about TradingAnalysis.com here.
Plan Your Trade, and Trade Your Plan,
Todd Gordon
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