by Lara | Jul 31, 2015 | Gold |
Upwards movement was unexpected. I have two hourly Elliott wave counts for you today. Summary: It is most likely a triangle has just ended a fourth wave correction. This should be followed by a fifth wave down which is highly likely to make at least a slight new low...
by Lara | Jul 31, 2015 | US Oil, US Oil Historical |
Price continues to move lower as expected. Summary: Fifth waves on commodities are often very swift and strong. The target for this one to end is at 21.96 and may be met in another six months time. A shorter term target for an interruption to the downwards trend is...
by Lara | Jul 30, 2015 | Gold |
Yesterday’s Elliott wave analysis was confident for several technical analysis reasons that a downwards breakout should happen, and it did. Summary: Downwards movement should continue. The new target for it to end is at 1,038 – 1,035. Along the way down,...
by Lara | Jul 29, 2015 | Gold |
Sideways movement again fits the preferred hourly Elliott wave count. We may now have some confidence about what should happen next. Summary: A fourth wave triangle has most likely ended. The classic technical analysis equivalent to a triangle is a pennant, which is a...
by Lara | Jul 28, 2015 | Gold |
Sideways movement in a small range fits the Elliott wave count very nicely. Summary: A sideways consolidation is very mature; the breakout is now very close and most likely to be downwards. A new low below 1,086.57 would confirm a downwards breakout is underway, the...
by Lara | Jul 27, 2015 | Gold |
Price began the session with some upwards movement, which the last Elliott wave analysis expected, but price then moved lower to complete a red candlestick. Summary: A new high above 1,105.18 would indicate more upwards movement to a target at 1,121. A new low below...
by Lara | Jul 26, 2015 | US Oil, US Oil Historical |
Primary wave 5 is still in its early stages. The Elliott wave count is adjusted and the target is recalculated. Summary: Fifth waves on commodities are often very swift and strong. The target for this one to end is at 21.96 and may be met in another six months time. A...
by Lara | Jul 24, 2015 | Gold |
Price began the session with downwards movement, which was expected, but the upwards move to end the session is much deeper than expected. Summary: Monday may begin with a little upwards movement to at least slightly above 1,119.23, to a target at 1,121. Use the...
by Lara | Jul 23, 2015 | Gold |
Price continues to move slowly lower. Another red candlestick fits the main Elliott wave count. I have a new alternate Elliott wave count for you today. Summary: The main wave count and the new alternate still expect more downward movement as does the regular...