by Lara | Jul 22, 2019 | Gold |
A very small range inside day leaves the Elliott wave counts unchanged. Summary: A sharp reversal and bearish candlestick pattern on the daily chart puts the breakout in some doubt. Both bullish and bearish Elliott wave counts remain valid. The bearish case has some...
by Lara | Jul 20, 2019 | Gold, Lara's Weekly, S&P500, US Oil |
S&P 500 Downwards movement at the end of Friday’s session remains above the short-term invalidation point and within the short-term best fit channel. However, at the end of the week a pattern on the weekly chart along with the AD line and inverted VIX suggest a...
by Lara | Jul 19, 2019 | Gold |
The first target at 1,452 was almost met this week with a high at 1,450.65. Summary: A sharp reversal and bearish candlestick pattern on the daily chart puts the breakout in some doubt. Both bullish and bearish Elliott wave counts remain valid. The bearish case has...
by Lara | Jul 17, 2019 | Gold |
Downwards movement was expected to end within a very few hours after last analysis was published and thereafter to be followed by an upwards breakout. Today price has closed above the upper edge of the pennant pattern, but a lack of support from volume so far is...
by Lara | Jul 16, 2019 | Gold |
The pennant pattern remains valid; the breakout is now expected within the next few hours. The targets calculated from the flag pole of the pennant pattern and from Elliott wave remain the same. Summary: After the breakout from multi year resistance on 20th June,...
by Lara | Jul 15, 2019 | Gold |
A small range day remains within the trend lines of the pennant pattern. The target remains the same. The breakout is expected within the next one to two sessions. Summary: After the breakout from multi year resistance on 20th June, price has curved around to back...
by Lara | Jul 13, 2019 | Gold, Lara's Weekly, S&P500, US Oil |
S&P 500 New highs this week again from the S&P have support from rising market breadth. The Elliott wave count provides targets. Summary: The bull market is expected to continue and corrections are expected to be shallow. A new target for the next reasonable...
by Lara | Jul 12, 2019 | Gold |
A pennant pattern may be completing on the daily chart. A target is calculated from the flag pole. Summary: After the breakout from multi year resistance on 20th June, it was expected that price would curve around and back test support about 1,360 to 1,375. That test...
by Lara | Jul 11, 2019 | Gold |
Price remains range bound. The short-term structure on the hourly chart now suggests the most likely breakout direction. Summary: After the breakout from multi year resistance on 20th June, it was expected that price would curve around and back test support about...
