by Lara | Jul 12, 2017 | Gold |
A new high above 1,222.72 invalidated the main hourly Elliott wave count and added confidence to the alternate hourly Elliott wave count. The alternate has some support from volume analysis, and its target remains the same today. Summary: In the short term, a bounce...
by Lara | Jul 12, 2017 | Commodities, Education, Palladium, Public Analysis |
A second Elliott wave version of “where’s Waldo”. A fun exercise (for the geeks amongst us). Test your knowledge of Elliott wave rules. Review this chart and find five deliberate mistakes: Click chart to enlarge. Two mistakes break core rules, but...
by Lara | Jul 12, 2017 | Education, Gold |
In this video I go through the process of developing an alternate Elliott wave count for Gold, using the MotiveWave analysis platform.
by Lara | Jul 11, 2017 | Gold |
Yesterday’s hourly chart expected a bounce to about 1,218. The high for the session was 1,217.79. Summary: The trend is still most likely down. In the short term, a bounce is either over here or may continue higher for another day. If price makes a new high by...
by Lara | Jul 11, 2017 | US Oil |
After the strong downwards session of the 5th of July, there was an update to technical analysis posted in comments of the last published post for US Oil which expected the bounce was most likely over. Price has moved down from there as expected so far. Summary:...
by Lara | Jul 10, 2017 | Education, Public Analysis, S&P500 |
This is another video of the process of developing an alternate Elliott wave count, using the MotiveWave analysis platform, that shows the steps I go through and my train of thought.
by Lara | Jul 10, 2017 | Gold |
More downwards movement was expected. A lower low and a lower high for Monday fits expectations. Summary: The trend is still most likely down. Profit target is now at 1,183 (measured rule) or 1,160 (Elliott wave). Always use a stop and invest only 1-5% of equity on...
by Lara | Jul 9, 2017 | Gold, Public Analysis |
On June 27th I published a daily chart of Gold with a simple trend line. In that post I posed the question: “How Gold behaves at this trend line in the next few days will be a strong indicator. Does the bull run continue or is it over?” Click chart to...
by Lara | Jul 9, 2017 | Gold |
A small bounce to about 1,228 to 1,230 was expected before downwards movement resumed, but this is not what happened. The high was already in place. Summary: The trend is down. Corrections, even small ones, present an opportunity to join the trend. Profit target is...
