Wavemastery

Wavemastery

I am an expert professional Elliott wave analyst. I have over 25 years of professional experience using the Elliott wave technical analysis. I cover Forex, Commodities, Options, Futures, Cryptocurrencies and the Stock Market. This channel presents clips from my website wavemastery.com/ that focuses on Precious Metals and Mining Stocks.

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  • @charlesbrady3135
    @charlesbrady313518 сағат бұрын

    Always love your analysis Ronnie :)

  • @rkw92262
    @rkw9226220 сағат бұрын

    Thanks, as always.

  • @briansmith2836
    @briansmith283622 сағат бұрын

    Oh Vey silver 29.31 right now late afternoon. Cycles says gold and silver will continue heading south into August/Sep

  • @williewest5574
    @williewest55748 күн бұрын

    What country are you in bro?

  • @wavemastery1786
    @wavemastery17867 күн бұрын

    Belgium

  • @s4sukesharingan
    @s4sukesharingan20 күн бұрын

    Sorry to tell you Ronnie. But i see Gold in September at Minimum 8000$/ounce If history is any good guidance then a huge sovereign debt crisis is occurring right in front of our eyes!

  • @wavemastery1786
    @wavemastery178619 күн бұрын

    Hi, Why do you think that I could not agree with the price you quoted for Gold? Did I say anything about the trend going down at any point in my video? Correction yes, and then Higher.....

  • @charlesbrady3135
    @charlesbrady313521 күн бұрын

    I hope you’re right I sold all my long term holds this afternoon and waiting for a pullback to $27ish per your analysis.

  • @s4sukesharingan
    @s4sukesharingan20 күн бұрын

    boy...so wrong...everybody is waiting for silver breakout 30...you are missing you lifechance man....inverstors like you eat like mice and shit like elephant!

  • @longgowhereto
    @longgowhereto21 күн бұрын

    Thanks for the update wavemaster, very much appreciated.

  • @skeetth2484
    @skeetth248421 күн бұрын

    😂😂😂

  • @leshghett8956
    @leshghett895622 күн бұрын

    Thanks for your analysis. If gold and silver were to drop like you mention, it would have to start off news driven. Imo, i don't see anything significant enough to do that until early next month. But, anything can happen.

  • @wavemastery1786
    @wavemastery178621 күн бұрын

    HI, I don't know how you invest or trade, but in my videos, because, they are largely aiming to be quite precise, they are directed to futures traders, or anyone using a lot of leverage in trading. I can share with you how I look at this huge bull move that is going to take years to unfold fully. I hold long term investments in stocks and etfs that I do not sell even if I see that we are likely going for some correction. The risk taking and sharp in/out trading I do with futures. So if I miss a move, I am still "in" psychologically and effectively with my long term investments, it helps me ride over bumps and surprises as they inevitably going to pop up from time to time because I don't have a crystal ball and can't know the future for sure. Despite today's huge move there is still scope for some retracements to come around next week. Good luck.

  • @leshghett8956
    @leshghett895621 күн бұрын

    @@wavemastery1786 I get what you're saying (and it's likely that I am going to subscribe to your service). While this does look like an impulsive breakout in silver, there is still possibility for a complete retracement back to ~$30 level. It is good to keep that perspective in mind. It's just that, in the financial news calendar, imo, I don't see anything other than non-farm payrolls being what triggers that, which is around early June.

  • @hookemhigh3191
    @hookemhigh319122 күн бұрын

    Decades of price suppression are unraveling in an environment of declining production and exploding demand!! The short squeeze alone should carry price possibly to $35!

  • @longgowhereto
    @longgowhereto21 күн бұрын

    Your name is trusting - you made me wait - and further up it goes! Thanks and happy week-end!

  • @donaldbest7621
    @donaldbest762122 күн бұрын

    I started buying calls @25SLV…..I am up substantially.

  • @aligider432
    @aligider43229 күн бұрын

    Sorry too many arrows & too many scenarios. İş it possible to simplify

  • @wavemastery1786
    @wavemastery178629 күн бұрын

    I see you point ! the wave structure in Spot Gold is messy, but we have clearer setups in $HUI, $XAU and Silver

  • @donaldbest7621
    @donaldbest762129 күн бұрын

    Thanks!

  • @reaganwestlake
    @reaganwestlakeАй бұрын

    Correction, then consolidation, then next leg higher.

  • @leshghett8956
    @leshghett8956Ай бұрын

    I'm not sure if you include comparitive ratio analysis with other markets, but if you have a look at the Dow Jones/Gold chart (on tradingview, it would be DJI/Gold), it could be argued that there's a bullish triangle forming on the monthly time frame. This would imply the stock market may begin to outperform gold, after some ranging. If that's (or something similar) part of your paid analysis, then fair enough, but if not, would be good to get your thoughts.

  • @leshghett8956
    @leshghett8956Ай бұрын

    To be more specific, if you could discuss this in relation to the pullback in gold, it would be helpful. I'm not saying the uptrend in gold is about to go away, I'm saying the corrective structure in gold is likely still at play.

  • @longgowhereto
    @longgowheretoАй бұрын

    You are not the only waver who has trouble to count these days. I am (unlike @spqr9974) no expert in EWT, but Elliott saw patterns in a more or less free US stock market. Pm were rigged longtime and now it is the world buying. It is not only the US anymore. What does China care about a pm price in USD, when she wants to get rid of USD? I hate to say "this time it's different", but the west is dying. We are in limbo time. So to "stutter" counting is maybe exactly the correct way to interpret these times. I just sold mining stocks as the payout would be in USD. I am bullish miners, but prefer stacking. This is what I mean to say. I do not want to receive any western currency - so I act not "as normal" anymore. Thanks for your honesty!

  • @spqr9974
    @spqr9974Ай бұрын

    Perhaps Somebody (you?) need to read more books 📚 📙 📙with subject Elliot Waves Theoryes ..........?! From the Little to None , I know @bout 5 waves Elliot Waves the 5~th wave could NOT be bigger than Wave 3....

  • @wavemastery1786
    @wavemastery1786Ай бұрын

    Hi, of course it can, it is called an extended 5th, provided the 1st wave is NOT bigger than the 3rd !

  • @bambangsuwanto2484
    @bambangsuwanto2484Ай бұрын

    3rd wave cant be the shortest wave…thats the true one.

  • @swatkins-gee42
    @swatkins-gee42Ай бұрын

    I think that maybe a higher timeframe would have helped

  • @rayok434
    @rayok434Ай бұрын

    thank you Ronnie

  • @tvbridge
    @tvbridgeАй бұрын

    The geopolitics is off the scale...far worse than anything I've seen in my 6 decades; so anything can happen! I'm all in PM's, out of the banks apart from just enough to pay my bills, as I'm strangely reticent of funding the globalists wars against humanity on the backs of all us debt slaves!

  • @michaellazaar1838
    @michaellazaar1838Ай бұрын

    Thanks Ronnie.

  • @reaganwestlake
    @reaganwestlakeАй бұрын

    Gold and silver are going much much higher over the next 5 years. I expect a eventual 10 to 1 silver to gold ratio

  • @ahmedalsharman
    @ahmedalsharmanАй бұрын

    Are you saying that Gold will decline to $350 , i.e 80% decline from here .

  • @reaganwestlake
    @reaganwestlakeАй бұрын

    @@ahmedalsharman I got no idea how you can make that statement from what I said. Didn't I say I think it's going much much higher. If I think it's going higher how could it be going lower

  • @donaldbest7621
    @donaldbest7621Ай бұрын

    The commercials increased their short positions into about 10 trading days ago. I see the possibility of a direst push to 33-35 comex, and maybe a retest of 30 from there.

  • @mohammadzein4774
    @mohammadzein4774Ай бұрын

    👍

  • @tobago1771
    @tobago1771Ай бұрын

    advanced get eod says 32.5-35.3

  • @Bruisader
    @Bruisader2 ай бұрын

    The crude and Gold relation totally destroyed in a week.

  • @hs-yl9dm
    @hs-yl9dm2 ай бұрын

    thanks for the timely update!

  • @addictiveaussie
    @addictiveaussie2 ай бұрын

    There is a daily gap in COMEX gold at $1849 just above last Octobers low and a corresponding gap in the USD just below 107.00 in the same time period. I have been in this business for over 40 years and I have never seen gaps in either not get filled. I am not sure what events could unfold that sees both gaps filled, but a liquidity crisis and tech stock collapse would fit the bill.

  • @addictiveaussie
    @addictiveaussie2 ай бұрын

    Best guess would be a run in 5 then a medium term correction that may see the gap filled.

  • @wavemastery1786
    @wavemastery17862 ай бұрын

    I, too, have decades of experience behind me, and I agree with you, but the critical point is when will the gaps be closed ! markets can run higher by a lot before they come back to correct.

  • @michaellazaar1838
    @michaellazaar18382 ай бұрын

    Thanks Ronnie for another stellar video. If you can of course in your next weekly wrap-up, can you show a monthly chart as well for both Gold and Silver please.

  • @wavemastery1786
    @wavemastery17862 ай бұрын

    Hi, Thank you for your positive feedback. I hope not to forget, I will cover the monthly scale next weekend.

  • @leshghett8956
    @leshghett89562 ай бұрын

    Your right shoulder count on the inverse head and shoulders makes sense to me, compared to other bullish silver counts I have seen. Another I have seen by another youtuber has 3 sets of wave 1/2s inside of that right shoulder, which seems like an unnecessary subdivision, when a leading diagonal type of structure fits better. Thank you for your well thought out cases for bullish/bearish scenarios.

  • @Asia-dr4yj
    @Asia-dr4yj2 ай бұрын

    Thank you for your interesting analysis of gold/silver's recent moves and likely price action going forward - cheers!

  • @mfb3042
    @mfb30423 ай бұрын

    There's a spiritual reality in the middle of unstable politics. People are waiting for something to happen. Gold and silver is dangling in front of us for those that see. Analytical logic may not cover this part of life.

  • @shampooandjosh
    @shampooandjosh3 ай бұрын

    Thanks for the educative video ❤..... I think it is more likely for BTC, & ETH to retest the resistance to the upside and then move lower. But as always, things change on a daily basis and all we can do is to trade responsibly and keep track of the markets and re-evaluate our strategies frequently. I want to thank you Elias Cooper For being my source of crypto education, As I am comfortably making 15.7 BTC.

  • @GillAgainsIsland12
    @GillAgainsIsland123 ай бұрын

    Goes to show how unreliable the Elliot Wave is. You, the expert, couldn't predict this move and in fact predicted the opposite. And yet, here we are.

  • @wavemastery1786
    @wavemastery17862 ай бұрын

    Hi, Thanks for your feedback, let me clarify something, it does not matter which theory or method you use, there will always be situations that the market will do something that does not make sense, it is NOT OFTEN, but it does happen. It is UNREALISTIC to expect that an analyst will get things right each time. Yes, I have many years of real time analysis of the markets. The number of markets that I follow and the number of times I get things right is very high (otherwise I would not have paying subscribers who have been with me for more than 10 years and watch my work every time I post a video !) Often my forecast is with very high precision, so this miss does nothing to dampen my confidence in the Elliott Wave Theory or in myself. In trading sometimes we fall, we get up and fight another day. That's it ! With Bitcoin going wild and likely the USD will now trend down possibly for many months, anything could evolve. If the USD recover very soon, this coming week, Gold could reverse sharply and meltdown, I don't currently expect that, but it is not out of question. On Friday I began to build short positions in the USD pairs and will sell more aggressively if I see in the coming weeks the USD trend down is well established.

  • @GillAgainsIsland12
    @GillAgainsIsland122 ай бұрын

    @@wavemastery1786 Yes, I acknowledge that you are an expert utilizing technical analysis. My point was that without a keen understanding of the fundamentals driving a commodity or stock, technical analysis is not sufficient. I found that out the hard way trading options years ago.

  • @michaellazaar1838
    @michaellazaar18383 ай бұрын

    Hello Ronny. I agree that the Gold chart is a complete mess technically. Everyone keeps saying that a new high is in place. Using the 2011 high of $1873 equates with inflation adjustment to a price today of $2,568.10, so we have a way to go.

  • @wavemastery1786
    @wavemastery17863 ай бұрын

    Yes and no, people pay today the price of today, they don't check if it is indexed to inflation or not, if they are long, they make money in today's money, if they lose, they lose in today's money. Price is king, even if it is not indexed, but rising to all time high, it has an important message I think.

  • @williewest5574
    @williewest55743 ай бұрын

    If the S&P, Dow and Nasdaq fall hard, all stocks, including metals will plummet with it,........only a black swan event would allow metals to move up while indexes capitulated

  • @wavemastery1786
    @wavemastery17863 ай бұрын

    No crash in sight in stocks for at least 14-18 months, that's what I see , take it or leave it.

  • @williewest5574
    @williewest55743 ай бұрын

    Pundits online are referring to the pattern as a CUP AND HANDLE

  • @wavemastery1786
    @wavemastery17863 ай бұрын

    Agree , makes sense, a proven pattern that worked many times in the past !

  • @superiorseven4814
    @superiorseven48143 ай бұрын

    I wouldn't look at correlations between XAU and other currency pairs. Currencies will move lower than the DX for many reasons, a main one being if their respective central bank is more dovish than the FED. The fact is ALL central banks are looking to cut/hold rates despite elevated and rising inflation due to their economies turning to shiit. Thats all gold needs. Gold is now at all time highs against every currency on the planet

  • @wavemastery1786
    @wavemastery17863 ай бұрын

    Real Gold breakout is indeed when it is in all time high in ALL currencies, that is genuine, real power Gold move. I disagree with you concerning the FX aspect of your comment.

  • @wavemastery1786
    @wavemastery17862 ай бұрын

    We have today a breakout in COPPER above monthly scale inverse head and shoulders neckline !!, this is important, Palladium is also showing very positive signs and Platinum is damn cheap. The breakout in COPPER is very helpful in reading the charts of the PM too, as they tend to run together. DX is still weak and looking down for now, soon we might have even stronger argument that the run is on: DX down down for months and metals and commodities in general coming up from very cheap levels, Don't let this epic rally that is beginning escape you, make the most of it.

  • @jeravincer
    @jeravincer3 ай бұрын

    You’ve been predicting a big drop in gold for some time … wrong muchly.

  • @wavemastery1786
    @wavemastery17863 ай бұрын

    True! this drop might still happen, but chances for that now are slim. I could be wrong again in the future, I am not perfect, but I don't fight the market when I see that I am wrong. Once in a while to make a mistake is in the nature of trading, but the key to survival and to thriving is to sense quickly what the market wants to do and go with it.

  • @GillAgainsIsland12
    @GillAgainsIsland123 ай бұрын

    It just goes to show, which every purely technical trader refuses to see, that FUNDAMENTALS can't be ignored. Those who have been looking at the fundamentals of insane printing of dollars leading to runaway inflation KNEW that gold (and bitcoin) would necessarily have to rise in response, sooner or later.

  • @wavemastery1786
    @wavemastery17862 ай бұрын

    You are absolutely right ! I never ignore the big picture of the fundamentals, but I am busy trading the very short term, because I use high leverage and 1-2% moves can mean a lot if the account holds multiple contracts.

  • @mikeeasterwood9625
    @mikeeasterwood96253 ай бұрын

    Well, I have been surprised that the METALS have not RUN already, Of course that is not in these charts, but fundamental reasons argue for HIGHER METALS prices...

  • @mikeeasterwood9625
    @mikeeasterwood96253 ай бұрын

    Of course, I do not play the paper market often... More PHYSICAL!!

  • @contrarian2day
    @contrarian2day3 ай бұрын

    Do technicals really matter when decades and decades of overt fraud and manipulatiin finally come to an end?

  • @wavemastery1786
    @wavemastery17863 ай бұрын

    Good point !!

  • @s4sukesharingan
    @s4sukesharingan3 ай бұрын

    hmm hi Ronnie...well i like your analysis about short term! While the longterm i disagree...why is 2001 a 2? why not 1 and 2020 a 2? can you explain that to me?

  • @wavemastery1786
    @wavemastery17863 ай бұрын

    Impossible! just think of the money printing, this is impossible !! if you are right, we will be going back to the caves in 20 years or earlier. As long as you have central bankers, they will inflate and inflate like there is no tomorrow and those that understand that, will do what they can to catch up and keep the value of their money and those that are left behind, like the vast majority, will continue to lose purchasing power year after year after year. These are the current rules of the game the way I understand them.

  • @wavemastery1786
    @wavemastery17863 ай бұрын

    In addition to what I said, recently resources stocks hit 140 YEAR low valuation!!! against "normal" stocks. the rally that is coming in commodities in the next few years is going to be of epic dimensions. No one can stop that. LOOK ASX200 hit new all time high, more is coming.

  • @donaldbest7621
    @donaldbest76213 ай бұрын

    Funny, I would say a larger impulse starting with no obvious “spark” is more bullish. Let’s see

  • @FA-hn7in
    @FA-hn7in3 ай бұрын

    Slam down next week?

  • @wavemastery1786
    @wavemastery17863 ай бұрын

    Hi, not out of question, even if it takes another week of muddling through quiet lateral movement, that will not save Gold !

  • @s4sukesharingan
    @s4sukesharingan3 ай бұрын

    this is the first time i ve seen youe analysis perfectly happening!!! WOW !!!!!! incredible!

  • @starblacks6329
    @starblacks63293 ай бұрын

    Appreciate the update!

  • @vaibhavdeokar9024
    @vaibhavdeokar90243 ай бұрын

    Till 1850$ gold confirm down

  • @s4sukesharingan
    @s4sukesharingan4 ай бұрын

    Well...thats a solid analysis! Wait and see! i've seen this conclusion many times now...from severel guys here on youtube

  • @rkw92262
    @rkw922624 ай бұрын

    Thank you!

  • @janverduyn2250
    @janverduyn22504 ай бұрын

    DXY go up , gold and silver go down , mayby waiting long time months , coming back the DXY , they manipulate the market , many fake news from jobs , many company lose jobs .

  • @s4sukesharingan
    @s4sukesharingan4 ай бұрын

    no new video? did you change your wavecount? maybe you are missing something...idk...this market feel so weird...oil not going up even with mideast crisis...so no inflation coming. i think gold and silver should fall...but its going up lately Oo

  • @wavemastery1786
    @wavemastery17864 ай бұрын

    Hi, very likely Oil starting huge fall, we only need another 1-2 days of strong falls and it is confirmed , if so, Oil will fall then at least for several weeks if not months, PM will follow if that is the case. I have been waiting for this Oil reversal for several weeks now, My Gasoline wave count is on track to see much lower prices in the months to come, FOLLOWED later on by HUGE rally, the rally of our lifetime in OIL Some wild action could be coming during this year

  • @wavemastery1786
    @wavemastery17864 ай бұрын

    Looks like Oil confirmed now, expect big falls over the next several weeks if not months, PM will follow , watch the USDCAD possibly taking off now while Oil plunges

  • @Travelbythought
    @Travelbythought4 ай бұрын

    Electrify the fences.