by Lara | Sep 5, 2017 | Bitcoin, Public Analysis, Reference
Last published Bitcoin analysis had inadequate targets. All charts are on a semi-log scale. FORTNIGHTLY CHART Click chart to enlarge. The data for this wave count begins from June 2010. What looks like a five wave impulse may be completing. With no Fibonacci ratio...
by Lara | Aug 30, 2017 | Education, Gold, Public Analysis, Reference
The choice of what scale to use on your charts makes a big difference to how trend lines sit. Which scale is correct? Click chart to enlarge. The chart above shows Gold 2 weekly on an arithmetic scale. Notice the bear market trend line has been breached, but did not...
by Lara | Jun 28, 2017 | Education, Gold, Public Analysis, Reference
One of my favourite Technical Analysis texts is the classic “Technical Analysis of Stock Trends” by Magee. In this book Magee describes how to draw trend lines for bull and bear markets. Click chart to enlarge. To draw a trend line in a bear market draw...
by Lara | Jun 27, 2017 | Education, Gold, Public Analysis, Reference
One of my favourite Technical Analysis texts is the classic “Technical Analysis of Stock Trends” by Magee. In this book Magee describes how to draw trend lines for bull and bear markets. Click chart to enlarge. To draw a trend line in a bull market find...
by Lara | Jun 23, 2017 | Education, Gold, Public Analysis, Reference
Volume alone is not always a clear indicator. It is necessary to add another volume indicator, like On Balance Volume, to add depth to volume analysis and improve accuracy. Click chart to enlarge. On Balance Volume can be used in two ways. 1. When On Balance Volume...
by Lara | Jun 21, 2017 | Education, Gold, Public Analysis, Reference
The activity of buyers is required for price to rise sustainably. This is indicated by increasing volume on upwards days. The opposite isn’t necessarily true for a falling market. Price can fall due to an absence of buyers, just as it can with increasing...
by Lara | Jun 20, 2017 | Education, Gold, Public Analysis, Reference
Occasionally, members and visitors to this website make a statement along the lines of “market X is doing this, so how come you think Gold is going to go up / down?”. Such statements are based upon unacknowledged assumptions that the markets have a...
by Lara | Dec 9, 2016 | Reference
The other alternate idea of a leading expanding diagonal published up to yesterday will be discarded based upon a very low probability. Click chart to enlarge. An analysis back to 1997 of the daily chart of first waves and A waves at minor degree* and above reveals 23...
by Lara | Dec 17, 2015 | Education, Reference, Trading Tips
On Balance Volume was originally developed by Joseph Granville in 1976. Today, it is considered the grandaddy of all volume indicators. Daily data is accumulated. If price closes higher, then volume for that day is added to the prior total. If price closes lower,...
