by Lara | Apr 2, 2015 | Gold |
The main Elliott wave count expected a fourth wave correction to unfold downwards / sideways. This is what happened, although it is more time consuming than expected. Summary: The main hourly wave count has a higher probability than the alternate hourly wave count....
by Lara | Mar 30, 2015 | Gold |
Downwards movement was again expected. Summary: Downwards movement should continue for Tuesday to complete another red candlestick. A short term target is at 1,177. Wednesday may see some upwards movement for a B wave within this correction which may produce a small...
by Lara | Mar 25, 2015 | Gold |
The small triangle completed, as expected, and was followed by more upwards movement as expected. I can now calculate a final target for you. Summary: The trend remains up at minor, intermediate, primary and cycle degrees for the main wave count. The target for...
by Lara | Mar 23, 2015 | Gold |
The target for upwards movement to end was at 1,191 – 1,193. So far price has reached up to 1,191.72. Summary: Monday’s candlestick is closing outside of the base channel, so as warned I must swap the wave counts over. The main wave count expects more...
by Lara | Mar 20, 2015 | Gold |
Upwards movement was unexpected. The second wave correction is continuing higher. Summary: The target for upwards movement to end is at 1,191 – 1,193. The next daily candlestick must return price below the upper edge of the blue base channel. If a full daily...
by Lara | Mar 19, 2015 | Gold |
A little more upwards movement to the upper blue trend line was expected. Price has moved higher, but falls slightly short of this trend line. Summary: It is very likely that minute wave ii is over and minute wave iii is beginning downwards now. The target for minute...
by Lara | Mar 18, 2015 | Gold |
Another one to three days of downwards movement to 1,136 or 1,123 was expected before a second wave correction began. This is not what happened. The hourly Elliott wave count was invalidated with a new high above 1,160. Summary: Minute wave i is over and minute wave...
by Lara | Mar 17, 2015 | Gold |
Downwards movement was expected for one to three days towards the target. Upwards movement is finding resistance about the upper edge of the channel, with a strong overshoot. Summary: With its structure so far incomplete and with the new low, I have more confidence...
by Lara | Mar 16, 2015 | Gold |
The fourth wave ended not as a triangle, as expected, but as a double zigzag. Summary: The final fifth wave down is underway. The target is at 1,136 and this may be met in one to three more days. The invalidation point is at 1,164.20. If the invalidation point is...
