by Lara | Feb 2, 2019 | Gold |
I’ve videoed the process today of developing part of the Elliott wave count for Gold on the hourly chart. Some members may find this useful in learning Elliott wave and having a deeper understanding of the current Elliott wave structure and expectations for next...
by Lara | Feb 2, 2019 | Gold, Lara's Weekly, S&P500, US Oil |
S&P 500 More upwards movement has unfolded as expected. The Elliott wave and classic analysis targets remain the same. Summary: The target for more upwards movement is at 2,804 (Elliott wave) or 2,881 (classic analysis). At about one of these targets a large...
by Lara | Feb 2, 2019 | Gold |
The target remains the same. At the end of this week, a channel and a specific price point are used to indicate a trend change. Summary: The next Elliott wave target is at 1,338. The next classic analysis target is at 1,349. Assume the trend remains the same until...
by Lara | Jan 31, 2019 | Gold |
Upwards movement continues towards the target. Summary: The next Elliott wave target is at 1,338. The next classic analysis target is at 1,349. Assume the trend remains the same until proven otherwise. For confidence in a trend change the following things may be seen:...
by Lara | Jan 30, 2019 | Gold |
The second target was met and price kept rising. The third and final target may now be used. Summary: The next Elliott wave target is at 1,338. The next classic analysis target is at 1,349. Assume the trend remains the same until proven otherwise. For confidence in a...
by Lara | Jan 29, 2019 | Gold |
More upwards movement was expected to the next target at 1,313 – 1,314. The high for Tuesday’s session was at 1,311.81. Summary: The next target is almost met. It remains at 1,313 – 1,314. If price gets up to this target and keeps on rising, or if it...
by Lara | Jan 28, 2019 | Gold |
A little sideways movement was expected for the short term when markets opened for the new week. This is mostly what has happened. Monday’s session completes a long legged doji with a slightly higher high. Summary: A short and final upwards wave may unfold to...
by Lara | Jan 26, 2019 | Gold, Lara's Weekly, S&P500, US Oil |
S&P 500 Market breadth and volatility are used at the end of this week to indicate the direction for next week. The Elliott wave count continues to have support from rising market breadth in the AD line and declining VIX. Summary: The first large correction...
by Lara | Jan 25, 2019 | Gold |
An upwards breakout from a flag pattern was expected. The first Elliott wave target at 1,300 has been met. But the Elliott wave structure is incomplete, so the second target will now be used. Summary: For the short term, a little sideways movement may begin next week....
