November 2023 archive

Silver Elliott Wave Count – Weekly

My last post on Silver outlines the macro trend that I believe Silver is currently tracking. Silver is in a Cycle 3, Primary 3 wave upward – which would be the heart of a massive move up towards new highs. How can we use Elliott Waves to forecast some targets? First, let’s look at the …

Continue reading

Silver Elliott Wave Count – Monthly – 1915 to Present

Hello All, The long awaited Elliott Wave count for silver is below. In order to chart the whole timeframe from 1915 to now, I was able to acquire Monthly historical data, adjusted for inflation. In order to chart it over this long timeframe, I used a Logrithmic scale, which makes the price at the lower …

Continue reading

Stochastic RSI: A Technical Indicator for Gauging Momentum

The Stochastic RSI (StochRSI) is a technical indicator that is used by traders to identify overbought and oversold market conditions. It is a derivative of the Relative Strength Index (RSI), which is a momentum oscillator that measures the speed and magnitude of price movements. The StochRSI is calculated by applying the stochastic oscillator formula to …

Continue reading