by Lara | Jul 24, 2014 | GDX |
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...
by Lara | Jul 23, 2014 | Gold |
Again, more sideways movement is not enough to provide us with clarity. The main Elliott wave count still has about a 60% probability. Summary: Upwards movement towards 1,350 is most likely. This would be confirmed with a break above 1,324.73. A break below 1,292.25...
by Lara | Jul 22, 2014 | Gold |
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. Summary: Upwards movement is more likely, I...
by Lara | Jul 21, 2014 | Gold
Sideways movement has not clarified the situation. The Elliott wave counts remain the same. Summary: The situation is unclear. A break above 1,324.73 would indicate a third wave up may be unfolding. A break below 1,304.60 would indicate more downwards movement, which...
by Lara | Jul 19, 2014 | Gold |
Downwards movement fits the main Elliott wave count, but is not enough to provide clarity. I still have two daily wave counts. Summary: For Monday I expect to see a third wave begin. I expect it will most likely be upwards, and I would have more confidence in this...
by Lara | Jul 17, 2014 | Gold |
I had expected one more downwards wave to complete the structure. This is not what happened. Upwards movement does remain below the invalidation point on the hourly chart, but the channel is so significantly breached now that wave count no longer looks right. Summary:...
by Lara | Jul 17, 2014 | Silver |
Click on charts to enlarge. Main Wave Count. Alternate Wave Count. This alternate fits better with Gold and GDX.
by Lara | Jul 17, 2014 | GDX |
Downwards movement invalidated the alternate wave count and confirmed the main wave count. The main wave count expects downwards movement from here to about 23.10 to 22.81 in about four weeks time. However, I have a new alternate to consider today which has an...
by Lara | Jul 16, 2014 | Gold |
Sideways movement has slightly breached the invalidation point on the hourly chart. The Elliott wave count at the hourly chart level is adjusted, but the target remains mostly the same. Summary: One more downwards wave is required to complete this structure. The...
