Just How DO You Spot High-Confidence Trade Setups?
by Editorial Staff
Updated: September 03, 2021
There’s a big difference between a “trade” and a “gamble”
A gambler operates purely on luck. A trader looks at evidence -- then, acts.
Sure, even a careful trade has elements of luck. But there's a reason why a small percentage of traders -- about 10% -- win consistently. They "build a case."
You just saw an example of how Elliott waves help you "build a case" for a confident commodity trade setup.
Want to see more? Then watch Jeffrey Kennedy's just-released "Commodity Outlook 2021 Mid-Year Review" now.
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Oil prices are soaring and the world's biggest oil ETF, the USO, hit a 1-year high on October 20. Now, energy markets have won the hearts of traders and... robots alike! But before AI "bet big" on energy, Elliott wave analysis set the stage for USO's advance -- two months ago!
After a four-month sideways trend, the Invesco Commodity Index ETF shot up in September on the way to its highest level since late 2014. See the chart and forecast that anticipated the big move.
"Mortgage-backed securities" is a phrase that sends shivers down the spine of investors who remember the 2008 financial crisis. MBB is an ETF that tracks these securities -- watch our Interest Rates Pro Service editor walk you through MBB's 10-year wave pattern to see what's likely next.