by Lara | Apr 10, 2016 | GDX, Public Analysis |
Upwards movement continued as expected for GDX. Summary: Downwards movement to 17.67 – 17.11 should complete a second wave correction. Thereafter, a big third wave up should begin. New updates to this analysis are in bold. MONTHLY ELLIOTT WAVE COUNT Click chart...
by Lara | Feb 7, 2016 | GDX |
The bear Elliott wave count was invalidated by a new high above 16.45. I have just one bull wave count now for GDX. Summary: GDX is in a bull market confirmed by price. New updates to this analysis are in bold. MONTHLY ELLIOTT WAVE COUNT Click chart to enlarge. This...
by Lara | Aug 22, 2015 | GDX
BEAR – MONTHLY ELLIOTT WAVE COUNT Click chart to enlarge. BEAR – DAILY ELLIOTT WAVE COUNT Click chart to enlarge. BULL – MONTHLY ELLIOTT WAVE COUNT Click chart to enlarge. There are at this stage three likely structures for primary B for the bull...
by Lara | Jul 16, 2015 | GDX |
I have the same two Elliott wave counts for GDX. I favour the bear wave count. 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 fives while its fives...
by Lara | Jan 29, 2015 | GDX |
GDX has not made a new high, so it too remains range bound. The situation for all three markets, gold, silver, and GDX remains unclear. Click charts to enlarge. For GDX the main and alternate wave counts have exactly the same subdivisions, only the degree of labelling...
by Lara | Nov 9, 2014 | GDX |
The target down for minor wave 1 to end was at 16.26 in last analysis, after a small fourth wave correction. Downwards movement reached 16.45, 0.19 short of the target. Click charts to enlarge. Minuette wave (iv) unfolded as expected, and was followed by one final...
by Lara | Sep 3, 2014 | GDX
While the alternate Elliott wave count was not technically confirmed for GDX, it has been for Gold. I will follow Gold for indication of which wave count is most likely correct for GDX. Click charts to enlarge. The clearest piece of movement is the downwards movement...
by Lara | Aug 19, 2014 | GDX
While the Elliott wave monthly chart looks fairly clear at this time, the Elliott wave daily chart is not. With GDX data I cannot look at subdivisions on any time frame below daily. I have one monthly wave count and two daily charts for you this week. Click charts to...
by Lara | Jul 17, 2014 | GDX |
Downwards movement invalidated the alternate wave count and confirmed the main wave count. The main wave count expects downwards movement from here to about 23.10 to 22.81 in about four weeks time. However, I have a new alternate to consider today which has an...
