About Avi Gilburt

Avi Gilburt

Avi Gilburt is founder of ElliottWaveTrader.net, a live trading room and member forum focusing on Elliott Wave market analysis. Avi emphasizes a comprehensive reading of charts and wave counts that is free of personal bias or predisposition. He is particularly known for identifying a standardized method for determining whether movement within the market is going to be a 5-wave move as opposed to a 3-wave move. This method, known as "Fibonacci Pinball," has been called by some as "the single most useful addition the Elliott Wave lexicon" and "one of the most profound discoveries in EW analysis." (See Testimonials.)

Avi is an accountant and a lawyer by training. His education background includes his graduating college with dual accounting and economics majors, and he then passed all four parts of the CPA exam at once right after he graduated college. He then earned his Juris Doctorate in an advanced two and a half year program at the St. John’s School of Law in New York, where he graduated cum laude, and in the top 5% of his class. He then went onto the NYU School of Law for his masters of law in taxation (LL.M.).

Before retiring from his legal career, Avi was a partner and National Director at a major national firm. During his legal career, he spearheaded a number of acquisition transactions worth hundreds of millions to billions of dollars in value. So, clearly, Mr. Gilburt has a detailed understanding how businesses work and are valued.

Yet, when it came to learning how to accurately analyze the financial markets, Avi had to unlearn everything he learned in economics in order to maintain on the correct side of the market the great majority of the time. In fact, once he came to the realization that economics and geopolitics fail to assist in understanding how the market works, it allowed him to view financial markets from a more accurate perspective.

In September 2011, Avi co-founded ElliottWaveTrader.net in conjunction with Richard Hefter and AdviceTrade. For those interested in how Avi went from a successful lawyer and accountant to become the founder of ElliottWaveTrader, see "How EWT Began."

Since Avi began providing his analysis to the public, he has made some spectacular market calls which has earned him the reputation of being one of the best technical analysts in the world.

As an example of some of his most notable astounding market calls, in July of 2011, he called for the USD to begin a multi-year rally from the 74 region to an ideal target of 103.53. In January of 2017, the DXY struck 103.82 and began a pullback expected by Avi.

As another example of one of his astounding calls, Avi called the top in the gold market during its parabolic phase in 2011, with an ideal target of $1,915. As we all know, gold hit a high of $1,921, and pulled back for over 4 years since that time. The night that gold hit its lows in December of 2015, Avi was telling his subscribers that he was on the phone with his broker buying a large order of physical gold, while he had been accumulating individual miner stocks that month, and had just opened the EWT Miners Portfolio to begin buying individual miners stocks due to his expectation of an impending low in the complex.

One of his most shocking calls in the stock market was his call in 2015 for the S&P500 to rally from the 1800SPX region to the 2600SPX region, whereas it would coincide with a “global melt-up” in many other assets. Moreover, he was banging on the table in November of 2016 that we were about to enter the most powerful phase of the rally to 2600SPX, and he strongly noted that it did not matter who won the 2016 election in the US, despite many believing that the market would “crash” if Trump would win the election. This was indeed a testament to the accuracy of the Fibonacci Pinball method that Avi developed.

View chart of Avi's 2016 SPX performance calls.

Avi is a popular speaker at financial forums and conferences in the U.S. and internationally, including The Traders Expo and Prospectors & Developers Association of Canada (PDAC) Conference, and widely syndicated on sites including MarketWatch, TheStreet, Seeking Alpha, Nasdaq.com, Forbes and more. He has been the #1-read metals analyst for most of the 6 years he has been a contributor on Seeking Alpha, and is consistently among the top-followed contributors to MarketWatch.

Market Watch Cover Jun 11, 2018See Avi's article on MarketWatch from Jun 11, 2018 (in which he called for a year-end global melt-up) highlighted as the top home page headline that day.


Story Archive

USO: Striking Our Original Target

With the US Oil Fund (USO) now striking its head multiple times on the 13.45 original target we had set many months ago, it is basically in the same position that we have been tracking in the equity market.
by Avi Gilburt - 4 days ago

Market Is Always Taking Us To The Edge

Our support now resides at 2845 on the S&P 500 (SPX), which would be the .382 retracement of the grey wave 3.  As long as we hold that support, I still can see further upside in the market, the extent of which will provide confirmation as to where this b-wave will finally top this week or early next.
by Avi Gilburt - 2 weeks ago

Trap Door Is Open AND We Have A Downside Set Up In Place

With the decline off the high last week completing 5 waves down below 2796 on the S&P 500 (SPX), the market opened a trap door below us which can begin a larger degree drop.
by Avi Gilburt - 3 weeks ago

More Grinding Action

The question still remains as to whether the market can continue to push higher towards the 2867-86 region on the S&P 500 (SPX), as shown on the 5-minute chart.
by Avi Gilburt - 4 weeks ago

DXY – Heading For A Top

For months, I have been looking for the U.S. Dollar Index (DXY) to take us up to the 99/100 region to complete this corrective [b] wave rally.  And, we may finally be on our way to striking that top.
by Avi Gilburt - 1 month ago

Well, Market Has Become More Dangerous

Unfortunately, the break down below 2796 on the S&P 500 (SPX) has morphed our pattern which was pointing to the 2875 region to complete this b-wave.
by Avi Gilburt - 1 month ago

Additional BIG Metals Update This Week

With NEM moving through resistance, I do not have a clear pattern pointing to a lower low at this time in NEM or GDX.
by Avi Gilburt - 1 month ago

DXY: Strong Showing

With the US Dollar Index (DXY) roaring back this past week, it seems to have forgotten all about the Fed meeting a week ago.
by Avi Gilburt - 2 months ago

Talk About Stretched To The Upside

The primary count still has us looking for the top to this [a] wave imminently in the S&P 500, despite how extended it has now become.
by Avi Gilburt - 2 months ago

USO: Initial Target Hit – Next Higher Target Is 13.45

With the US Oil Fund EFT (USO) finally striking our 11.70 initial target, we have enough waves in place to now consider the [a] wave completed.
by Avi Gilburt - 2 months ago