Captain Ewave
Captain Ewave Articles
The US 10-year Bond Yield has completed wave i at the 5.021% high and we are now correcting that 5-wave impulsive sequence within wave ii, which has the following retracement levels:
Gold is also now breaking above the major downtrend line connecting 2080.70, 1987.60 and 1953.00, which is suggesting that we are going to be moving sharply higher from here!
Trading Recommendation: Go Long gold. Use puts as stops. Active Positions: Long gold, with puts as stops!
We expect the rally in the USDX to continue as we head higher in wave but for the time being we are assuming that wave b is becoming a simple 3 wave corrective pattern.
