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

GDX Update - Market Analysis on Dec 10th, 2018

With the break out in the Gold Miners ETF (GDX) over 20.51, it strongly suggests that the wave iv has not yet completed, as we prepared you for quite some time.  However, the question now is if we head higher to the 22 region directly, or if more pain is going to be seen before this wave iv completes.
by Avi Gilburt - 4 days ago

Focus on the Forest

The goal for most investors during a 4th wave should be capital preservation.
by Avi Gilburt - 1 week ago

How Much Higher Can We Go?

Once the market broke out through the 2680 region resistance on the S&P 500 (SPX) this past week and then held that level as support on a pullback, I began to set my sights on how we can rally to 2900+.
by Avi Gilburt - 1 week ago

I Don’t Trust Either Side

Clarity will not likely be seen unless we see a break down below 2585 on the S&P 500 (SPX), or until we see 5 waves completed towards the 2745 SPX region.
by Avi Gilburt - 2 weeks ago

Typical 4th Wave Action

Should the market break below 2690 on the S&P 500 (SPX), that is a major warning to the long side, and begins to move the probabilities towards the yellow count (now the primary count in green), with the potential to take the market to 2500 and a bit lower to complete a larger a-wave of wave 4.
by Avi Gilburt - 3 weeks ago

Structure of GDX Doesn't Appear to Be a Bottom -- Yet

To me, the Gold Miners ETF (GDX) is still more indicative of the potential ending diagonal for wave v down rather than having struck a long term bottom just yet.
by Avi Gilburt - 4 weeks ago

More Downside Still Likely

With the market dropping down to the target we set out for the a-wave of this pullback, the market is now consolidating over that support.
by Avi Gilburt - 1 month ago

USO: Looking For A Bounce

This past week, the US Oil Fund ETF (USO) continued lower to the bottom of the a-wave support region I have on the 144-minute chart.
by Avi Gilburt - 1 month ago

Pushing Up Into Resistance

With the Emini S&P 500 (ES) spending its time completing the (b) wave into Sunday night, today we continued higher in the (c) wave of the b-wave we have on the chart.
by Avi Gilburt - 1 month ago

USO: Rally Will Likely Begin Soon

Since we have now reached the .382 retracement of the entire rally off the lows struck last year, then I have to primarily view this as the a-wave of a larger corrective decline in the US Oil Fund ETF (USO).
by Avi Gilburt - 1 month ago