by Lara | May 21, 2015 | GDX |
I have the same two Elliott wave counts for GDX. I still favour neither. Click charts to enlarge. GDX does not appear to have sufficient volume for Elliott wave analysis of this market to be reliable. It exhibits truncations readily, and often its threes look like...
by Lara | May 20, 2015 | Gold |
Although a small green candlestick is completing for Wednesday’s session, choppy sideways movement was not what was expected from the Elliott wave count. I had expected upwards movement. Summary: The main bull wave count now requires sideways movement to...
by Lara | May 20, 2015 | US Oil |
Chart only today. To see a thorough analysis go here. Summary: The small fourth wave continued sideways as a double flat. The target is slightly recalculated to 64.39. Click charts to enlarge. At 64.39 minuette wave v would reach 0.618 the length of minute wave...
by Lara | May 19, 2015 | Gold |
Yesterday’s Elliott wave analysis had three hourly wave counts for three different structures for this small fourth wave correction. The triangle was invalidated below 1,211.11 and the combination never produced a B wave which was 90% or more of its A wave. This...
by Lara | May 18, 2015 | Gold |
A small green doji candlestick fits for a fourth wave correction. In the mid term, the degree for this correction can now be known. Summary: Gold is currently in a small fourth wave correction against the trend. Both bull and bear wave counts expect sideways movement...
by Lara | May 15, 2015 | Gold |
Sideways movement was expected from last Elliott wave analysis, which is what happened. Summary: This movement is a small correction against the trend, which for both bull and bear counts is up at least at minute degree. This fourth wave is either a zigzag to end...
by Lara | May 14, 2015 | Gold |
More upwards movement was allowed for as part of a fourth wave correction, but it’s more than expected. The third wave moved higher. Summary: I have the same two wave counts. The bull wave count now has two hourly options: minute wave iii may be complete as a...
by Lara | May 13, 2015 | Gold |
Upwards movement for a fifth wave to a short term target at 1,199 was expected. Price moved higher, but has reached well above the target. Summary: I will choose to publish one bull and one bear wave count today for serious consideration. These are the best of several...
by Lara | May 12, 2015 | Gold |
Downwards movement was unexpected, although some upwards movement was allowed for in the bear Elliott wave count. Summary: I have three wave counts for you today. The very short term expects a fifth wave up. Thereafter, the wave counts diverge. The bear wave count...
