GMR-Capital

GMR-Capital Updated 

Hello traders! In previous posts we explained how we believe silver to have completed cycle wave (2) at 17 and about to begin a multi year uptrend to new Highs. However, retailers are largely expecting the rise in silver, and the floor is crowded with too many buyers. Retail sentiment is from weeks 90% long. And the price action can show the way: with last...

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Hello traders, we outlined in previous posts and how we believe that nasdaq is completing a 5 wave structure up from October 2022 low, and wave 5 of this primary movement to the upside is beginning. Wave 4 was convoluted and surprised retail buyers with a third lower low in a triple three correction before resuming uptrend with the first impulse of wave (5)...

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Hello traders! in our previous post we tracked wave 4 in this correction to the downside, expecting wave 5 to start towards a blow off top in wave 5 of primary C. We are currently counting this first wave as wave i of 5 as showed below: We will update below as the price action unfolds!

GMR-Capital Updated 

Hello traders! In the last post, we highlighted different possibilities for the current price action. At the end price resumed impulsively creating other 5 motive wave breaking red zone, confirming the bullish count into blow off top. As the last 5 waves structure was completed, we entered short looking for a bigger wave 4 to reconcile between 14650 (waqve 4 of...

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Hello traders! During previous post, linked in description, we explained how silver is about to begin an upside cycle wave 3 after cycle wave 1 to 30 corrected to 17. Now, as showed in the count above, we believe price began wave 3 of iii, big corrective trendline(blue) was broken and price action became impulsive confirming our view. We are now expecting a...

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Hello traders! We are now analizing possible NDX Elliott Wave counts possibilities. Starting from October's low, price created a leading diagonal (or triple three), labeled as wave W, followed by a double zig zag. This movement stopped at 15280, declining in a corrective wave and now retracing towards previous top. This outlines three possibilities: 1.- The whole...

GMR-Capital Updated 

Hello traders! As per previous posts on the SPX, we were tracking a corrective primary wave (B) to the upside developing from the October low. The price action looks like a corrective double zig zag and is reaching a significant resistance area after its completion, forming a bearish wolfe wave as showed in the chart. If the contractive monetary cycle requires a...

GMR-Capital Updated 

Hello traders! In previous post we argued how silver was undergoing a corrective cycle wave 2 after 2020's high. This corrective structure ended probably with 17.59 bottom, were silver managed to bounce up in a leading diagonal, retrace with an higher low and then break the blue multiyear corrective trendline activating a bullish descending broadening wedge in the...

GMR-Capital Updated 

Hello Traders, In our previous posts,linked in the description, we've been tracking the last zig-zag of this primary wave (B) as it ascends. Our calculated completion targets fall within the yellow area, coinciding with the bullish descending broadening wedge targets, as well as the point where Y equals Z. This symmetry between the two most recent zig-zags in...

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Hello traders! During the last post we were tracking a triple three correction in cycle wave 2 for OIL. After the 5 legs up from 64, we admitted the possibility of a bottom being in before our expectations (that were at GZ and blue wolfe wave completion around 57-60). However, the impulsive decline we just got from the local top suggested the 5 leg up from 64 to...

GMR-Capital Updated 

Hello traders! We are still tracking a double three structure for a primary wave B to the upside on the Us indexes. In NDX the structure appears clearer in his last zigzag, and as we argued before a descending broadening wedge and a W pattern have targets above 13600. Even if the wave structure on SPX is less clear, bounce from the bottom show corrective...

GMR-Capital Updated 

Hello traders! In previous posts we discussed how we believe a big opportunity was about to come in Oil after the completion of a cycle wave 2 at the bearish (blue in the chart) big wolfe wave target-fibo zone 57-63. However, price strongly bounced some point above, showing impulsive price action and a activating a bullish descending broadening wedge. Whether this...

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Hello traders! DXY stopped a multiyear uptrend at 114.8 and declined with a 5 waves impulse down from there. After a first bottom, price increased in a three wave until 115.9, 38.2% of the whole discent from the top, and started a smaller impulsive 5 wave to the downside that ended sligthly below previous low, de facto creating the possibility for a double bottom....

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Hello traders! Many times in previous post we talked about a primary wave (B) to the upside to conclude above 4300 for the S&P. We believe that we are currently going for wave 5 of C, as also the inverse head and shoulder suggests. clearer picture on Nasdaq, where W pattern and descending broadenign wedge are targeting at least 13600 for this upside correction...

GMR-Capital Updated 

We already discussed the possibility of a count involving a lower low in silver (link in description). After a long distribution in the white range, silver dropped overlapping the price territory of first leg up, therefore invalidating the possibility of an impulse to the upside. Now we are again at resistance, and price may form a lower high. In this case, silver...

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During previous posts, linked in description, we tracked the bearish patterns unfolding in a macro ABC to the downside in Natural Gas. Now, targets of wave C are reached and the structure seems complete. Bulls where shaken a bit out, and price reacted impulsively from 2.115, and then retraced to the Golden fibo zone, where today's daily candle was printed. Natgas...

GMR-Capital Updated 

During the last posts, we tracked the last leg of triple three cycle wave ((2)). Our short trades secured us a profit of 3.4% of equity during this month, as per the trades posted. We always reason in terms of Equity Points since we believe it helps in reasoning in terms of risk managment. We anticipated that, when this corrective move will be finished, a big...

GMR-Capital Updated 

Hello traders! In previous posts about the sp500 (see links in description) we argued that some downside was coming and posted our short entry at 3994. As you can see from the main chart, we connsidered the previous upside from October's low as a corrective move with choppy price action and low volumes. We are considering different possibilities: either that move...