by Lara | Aug 30, 2014 | Gold |
Downwards movement fits the alternate wave count better, but is not enough for final clarity. Both Elliott wave counts remain valid and the mid term outlook for them is exactly the same. Summary: The main hourly wave count has decreased in probability and the...
by Lara | Aug 28, 2014 | Gold
Upwards movement was expected. Both Elliott wave counts remain valid. The depth of this current downwards correction may provide some clarity. Summary: It is still most likely that an extending third wave is beginning, I expect more upwards movement with an increase...
by Lara | Aug 27, 2014 | Gold
Another green candlestick was expected, but we are not seeing an increase in upwards momentum. I have a new alternate hourly Elliott wave count for you to consider today. Summary: The direction of the next wave should be up. If it shows an increase in momentum then...
by Lara | Aug 27, 2014 | US Oil |
Price continued lower, but this is not what was expected from last Elliott wave analysis. I had expected to see a second wave correction. Summary: The target remains at 74.53. This target may be 13 weeks away. Click on charts to enlarge. The structure of minor wave 1...
by Lara | Aug 26, 2014 | Gold |
I have an increased confidence in the main Elliott wave count today with a breach of the orange channel on the hourly chart. Summary: In the short term I expect the next wave up may be about $26.81 in length, which should see a further increase in upwards momentum. A...
by Lara | Aug 25, 2014 | Gold
The (B)-(D) trend line of the primary wave 4 triangle continues to provide strong support. The main Elliott wave count still has a higher probability. Summary: The breakout is most likely to be upwards when price breaks out of this sideways move it has been in for two...
by Lara | Aug 23, 2014 | Gold |
Upwards movement was expected for both the main and alternate Elliott wave counts of last analysis. I am adjusting my analysis of most recent movement, and this makes a difference to the confirmation/invalidation point and expectation of when we may have clarity....
by Lara | Aug 21, 2014 | Gold |
I have two Elliott wave counts for you today. I would judge the main wave count to have a 60% probability, and the alternate to have a 40% probability. We should have some clarity within two or three days, at the most. Movement below 1,280.35 has increased the...
by Lara | Aug 20, 2014 | Gold |
A slight breach of the invalidation point on the hourly chart changes the picture considerably. I have considered multiple possibilities and present the Elliott wave count with the best fit and best overall look, which agrees with current momentum. Summary: I expect...