It’s time to have a look at our analysis of Silver/USD (new window) from October 2016 through early March 2017.
2016 has come to an end, and we’re just hours away from 2017! I wish all readers a Happy New Year!
Bovespa Index (Brazil) just hit an important level and minimum target of ours, and is now up against potential resistance. This is a very interesting situation, because the recent developments to a large degree, solidify larger wave patterns in play.
When using Elliott Wave Theory properly (which most practitioners tend to not do), one must be aware of the need to allow ones certainty about the market to vary over time and over the pattern developments – right now however, things are significantly clearer in the Bovespa Index than they’ve been in quite some time.