by Lara | Feb 14, 2017 | Gold |
A little upwards movement fits the Elliott wave count. The first in a series of second wave corrections may now be complete today. Summary: The target for a deep pullback is at 1,148. Follow my two Golden Rules of risk management: 1. Always use a stop. 2. Invest no...
by Lara | Feb 13, 2017 | Gold |
Downwards movement continued as expected for Monday’s session. The main Elliott wave count remains the same. The alternate is slightly adjusted at the hourly chart level. Summary: The target for a deep pullback is at 1,148. Follow my two Golden Rules of risk...
by Lara | Feb 12, 2017 | EURUSD, NZDUSD, Public Analysis, Trading Room, US Oil, USD Index, USDJPY |
Today’s Trading Room looks at USDJPY, USD Index, NZDUSD, EURUSD and US Oil (by popular demand). To learn what the Trading Room is about see last Trading Room analysis here. USDJPY TECHNICAL ANALYSIS Click chart to enlarge. Chart courtesy of StockCharts.com. For...
by Lara | Feb 11, 2017 | Gold |
Friday’s session moved price lower as expected. A strong bounce has found resistance right at the lower edge of a trend channel. This also was expected as reasonably likely behaviour from price. Summary: Probability has shifted back to a deep pullback beginning...
by Lara | Feb 9, 2017 | Gold |
A breach of the trend channel and a new low below 1,227.82 has invalidated the main wave count and confirmed an alternate. Summary: Probability has shifted back to a deep pullback beginning here. The target is at 1,149. Follow my two Golden Rules of risk management:...
by Lara | Feb 8, 2017 | Silver |
Last week expected that upwards movement would continue for Silver. This is exactly what has happened. Summary: The target for upwards movement is at 18.33. New updates to this analysis are in bold. Last monthly chart is here. ELLIOTT WAVE COUNT WEEKLY CHART Click...
by Lara | Feb 8, 2017 | Gold |
Another upwards day sees the main and alternate Elliott wave counts switched over. What is now the alternate Elliott wave count still remains viable. It illustrates the risk today to trading based upon the main Elliott wave count. Summary: Probability has shifted...
by Lara | Feb 8, 2017 | EURUSD, GDX, NZDUSD, Public Analysis, Trading Room, USD Index |
Introduction: The Trading Room is a new idea that I want to test and develop over the next few months. I find myself spending a lot of time writing and publishing analysis of Gold and the S&P500 (over at Elliott Wave Stock Market) when those markets are quiet and...
by Lara | Feb 7, 2017 | Gold |
A small range inside day fits both Elliott wave counts, but the situation is no clearer. Summary: If we expect the most common scenario to unfold, then we should be right more often than wrong. We will still be wrong sometimes, alternates are still possible, but this...