by Lara | Jul 6, 2017 | Gold |
Some upwards movement was expected, which is exactly what has happened. Summary: Expect a small bounce to end either about 1,228 – 1,230, or a little below 1,228. Thereafter, look out for strong downwards movement. This correction is an opportunity to join the...
by Lara | Jul 6, 2017 | Education, Public Analysis |
An Elliott wave version of “where’s Waldo” might be 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. The mistakes are all fairly...
by Lara | Jul 5, 2017 | Silver |
An upwards swing was expected but did not happen. Summary: Silver is range bound with support about 16.05 – 15.70 and resistance about 18.55 – 18.65. It looks likely that a downwards breakout may be imminent for Silver. New updates to this analysis are in...
by Lara | Jul 5, 2017 | Gold |
More sideways and upwards movement was expected. An outside day which closed higher fits expectations. Summary: Expect price to continue higher to about 1,233 to 1,237. This may offer a good entry point for a short position. It is strongly recommended that members...
by Lara | Jul 4, 2017 | US Oil, US Oil Historical |
Short positions were exited for a profit when price breached a channel. Now a deep bounce is underway exactly as expected. Summary: The bounce looks incomplete. If price comes up to touch the pink base channel on the daily chart, then enter short there. Stops should...
by Lara | Jul 4, 2017 | Gold |
Sideways movement fits expectations following the strong downwards day of the 3rd of July, which was also expected. The Elliott wave count is nicely predicting price behaviour at this time, and it has substantial support from classic technical analysis. Summary:...
by Lara | Jul 3, 2017 | Education, Public Analysis, S&P500 |
This video is of the process of developing an alternate Elliott wave count, using the MotiveWave analysis platform, and shows the steps I go through and my train of thought.
by Lara | Jul 3, 2017 | Gold |
A downwards breakout was expected for Monday or Tuesday. A new low reasonably below 1,237.06 was the price point which provided confirmation. This happened quickly on Monday. Summary: Members who entered short when price moved below 1,237.06 should now consider taking...
by Lara | Jul 1, 2017 | Gold |
A breakout from the consolidation was expected for Friday but did not happen. Both Elliott wave counts at the hourly chart level remain valid. Summary: A downwards breakout from this consolidation may now come on Monday or Tuesday. A new low reasonably below 1,237.06...
