by Lara | Aug 5, 2015 | Gold |
Yesterday’s Elliott wave analysis expected the current structure to be over more quickly, but it is taking its time. Summary: The triangle is still completing, taking its time and testing our patience. I am still confident that when it is done the breakout will...
by Lara | Aug 4, 2015 | Gold |
The alternate Elliott wave count proved to be correct in the last 24 hours. Summary: A fourth wave triangle should end about 1,099 within the next 24 hours, or maybe as soon as about 8 hours. Thereafter, a fifth wave down should unfold to reach at least slightly below...
by Lara | Aug 3, 2015 | Gold |
The main Elliott wave count expected downwards movement, which is what has happened for Monday. Summary: The triangle is either over and a fifth wave down is unfolding (main wave count) or the triangle will continue sideways for another couple of days (new alternate...
by Lara | Jul 31, 2015 | Gold |
Upwards movement was unexpected. I have two hourly Elliott wave counts for you today. Summary: It is most likely a triangle has just ended a fourth wave correction. This should be followed by a fifth wave down which is highly likely to make at least a slight new low...
by Lara | Jul 31, 2015 | US Oil, US Oil Historical |
Price continues to move lower as expected. Summary: Fifth waves on commodities are often very swift and strong. The target for this one to end is at 21.96 and may be met in another six months time. A shorter term target for an interruption to the downwards trend is...
by Lara | Jul 30, 2015 | Gold |
Yesterday’s Elliott wave analysis was confident for several technical analysis reasons that a downwards breakout should happen, and it did. Summary: Downwards movement should continue. The new target for it to end is at 1,038 – 1,035. Along the way down,...
by Lara | Jul 29, 2015 | Gold |
Sideways movement again fits the preferred hourly Elliott wave count. We may now have some confidence about what should happen next. Summary: A fourth wave triangle has most likely ended. The classic technical analysis equivalent to a triangle is a pennant, which is a...
by Lara | Jul 28, 2015 | Gold |
Sideways movement in a small range fits the Elliott wave count very nicely. Summary: A sideways consolidation is very mature; the breakout is now very close and most likely to be downwards. A new low below 1,086.57 would confirm a downwards breakout is underway, the...
by Lara | Jul 27, 2015 | Gold |
Price began the session with some upwards movement, which the last Elliott wave analysis expected, but price then moved lower to complete a red candlestick. Summary: A new high above 1,105.18 would indicate more upwards movement to a target at 1,121. A new low below...
