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The Best of 2013: Seven Classic Elliott Wave Trade Setups You’ll See Again in 2014
January 18, 2014 8:05 pmVideo
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The Best of 2013: Seven Classic Elliott Wave Trade Setups You’ll See Again in 2014
We have hand-picked for you seven of the best trade set-ups of 2013 that are bound to be repeated in 2014. Here is one of seven
By Elliott Wave International
The best thing about Elliott wave patterns? Easy: They repeat.
They repeat on all timeframes, across dozens of markets, all over the world. Once you know what to look for, you see the familiar 5s and 3s repeat in every chart.
You know what that means? That means that the same trade set-ups the markets gave is 2013 are bound to be repeated in 2014.
We have hand-picked for you seven of the best Elliott wave trade set-ups of 2013. Here is one of seven.
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On April 15 gold prices plummeted 10% in their biggest single-day decline in three decades.
April 9 Metals Specialty Service’s daily analysis highlighted a “key shelf of support” at 1540-1520. Why? Because it defined the trading range throughout gold’s sideways action the prior two years:
On April 12 gold prices violated the key shelf of support. The April 12 Metals Specialty Service’s daily video update confirmed that the downside floodgates had now been opened:
On April 15, gold followed its near-term bearish Elliott wave script. Prices plummeted below the $1448, then $1398, then “even lower” to 1321 on April 16.
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See the other 6 “best of” trade setups — including silver, crude oil, and USD/JPY (video) — now.
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