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...
by Lara | Feb 6, 2017 | US Oil |
Price continues to consolidate for US Oil. On Balance Volume may assist to show the breakout direction, so it should be watched carefully. The Elliott wave counts remain the same. Summary: A new high above 55.24 would indicate an upwards breakout, and the target would...
by Lara | Feb 6, 2017 | Gold |
Another upwards day fits the second hourly Elliott wave count. Price is now just above the target range, which was 1,219.11 to 1,233.43. Summary: If we expect the most common scenario to unfold, then we should be right more often than wrong. We will still be wrong...
by Lara | Feb 3, 2017 | Gold |
An inside day for Friday’s session leaves both Elliott wave counts valid. Classic technical analysis may assist to determine whether the main or alternate Elliott wave count is correct. Summary: Use the pink channel on the hourly charts. A break below would...
by Lara | Feb 2, 2017 | Gold |
Two hourly Elliott wave counts look at two possible scenarios for the next session. Summary: The target for this next wave down to end is at 1,164 – 1,160. First, a breach of the Elliott channel on the hourly charts is required for any confidence in a high. A...
