by Lara | Mar 4, 2017 | Gold |
Downwards movement continued as expected for the main Elliott wave count. Summary: If members have profitable short positions opened below 1,248, consider taking profits. Watch how price behaves carefully when markets open on Monday. If the channel on the second...
by Lara | Mar 2, 2017 | Silver |
Last week expected a pullback for Silver. Price moved higher for three days. Thereafter, it has turned down strongly. Summary: A deeper pullback has most likely begun. The target is about 16.666. A breach of the channel on the main daily chart would add confidence to...
by Lara | Mar 2, 2017 | Gold |
A strong breach of the base channel on the main hourly Elliott wave count shifted probability from bullish to bearish. The alternate Elliott wave count was then preferred because it expected more downwards movement. Summary: The new main wave count expects a deep...
by Lara | Mar 1, 2017 | Gold |
All three hourly Elliott wave charts yesterday expected some downwards movement to at least 1,240. Thereafter, the main wave count expected a resumption of upwards movement. The low for the session was 1,237.18 and then from there price bounced to close green....
by Lara | Mar 1, 2017 | Copper, DAX, Public Analysis, Trading Room, USD Index
Today’s Trading Room looks at Copper, USD Index and DAX. To learn what the Trading Room is about see first Trading Room analysis here. Trading Room will focus on classic technical analysis. Elliott wave analysis will be for support and for targets / invalidation...
by Lara | Feb 28, 2017 | Gold |
Some downwards movement was expected from all three hourly Elliott wave charts. Summary: Use the channel on the second hourly chart and the channel on the alternate hourly chart. Assume the upwards trend remains the same while price remains within the channel. The...
by Lara | Feb 27, 2017 | US Oil |
This consolidation has now lasted for about 12 weeks. The breakout should come soon now. Volume and On Balance Volume are giving strong signals as to which direction the breakout is most likely to be. Members are offered some advice on how to approach this market this...
by Lara | Feb 27, 2017 | Gold |
More upwards movement continued to start the new week as the main Elliott wave count expected. Summary: Use the channel on the second hourly chart and the channel on the alternate hourly chart. Assume the upwards trend remains the same while price remains within the...
by Lara | Feb 25, 2017 | Gold |
Upwards movement continued for Friday as the main wave count expected. Summary: Assume the trend remains the same until proven otherwise. The target for the middle of a third wave to end is at 1,296. If price turns and breaks below 1,238.74, then the breakout was...
