Movement below 1,292.25 has clarified the situation for the short term. The main hourly Elliott wave count was judged to have about a 60% probability, [Read more →]
by Lara · July 24th, 2014 · Gold · No Comments
by Lara · July 24th, 2014 · GDX · No Comments
I am swapping over my main and alternate wave counts. The new main wave count has a much better fit and makes more sense. Both expect some downwards movement from here.
Charts only tonight. Click charts to enlarge.
Main Wave Count.
Alternate Wave Count.
Minute wave c = 1.618 minute wave a at 21.68.
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by Lara · July 23rd, 2014 · Gold · 3 Comments
Again, more sideways movement is not enough to provide us with clarity. The main Elliott wave count still has about a 60% probability.
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More sideways movement has still not clarified the situation. The Elliott wave counts at the hourly chart level are adjusted. The triangle idea was invalidated, but a close relative, the ending diagonal, may be unfolding.
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by Lara · July 21st, 2014 · Gold · No Comments
Sideways movement has not clarified the situation. The Elliott wave counts remain the same.
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