by Lara | Sep 20, 2013 | Gold, Gold Historical |
Movement above 1,374.17 invalidated the main wave count and confirmed the alternate. Yesterday I judged the two wave counts to have a close to even probability. It is time to review the bigger picture. I will review my main and alternate historic wave counts today....
by Lara | Sep 19, 2013 | Gold
Yesterday’s alternate wave count was confirmed with movement above 1,324.09. At that stage the wave count expected more upwards movement towards a most likely target at 1,338.16. Price moved substantially higher than the target, but remains below the...
by Lara | Sep 18, 2013 | Gold |
Yesterday’s analysis expected a little upwards movement to find resistance at the upper edge of a channel drawn on the hourly chart, before a trend change and more downwards movement. This is exactly what happened. The target at 1,260 is short / mid term and has...
by Lara | Sep 16, 2013 | Gold
Last analysis expected a little upwards movement to a short term target at 1,338 before price turned and continued the new downwards trend. Price did move higher, falling 2.86 short of the target, before turning around to make a slightly new low. Click on the charts...
by Lara | Sep 14, 2013 | Gold
Last analysis expected downwards movement to a short term target at 1,308. Price reached down to 3.02 below the target before turning upwards, but it did not manage to stay within the narrowly drawn channel on the hourly chart. The wave count remains mostly the same....
by Lara | Sep 12, 2013 | Gold, Gold Historical
Yesterday’s analysis stated the situation was unclear, and introduced a new alternate wave count. Today movement below 1,344.26 invalidated the main wave count and confirmed the alternate. Click on the charts below to enlarge. This weekly chart shows all...
by Lara | Sep 12, 2013 | Gold |
Yesterday’s analysis expected upwards movement. Price has moved sideways in a small range. This lack of upwards movement has made me take another look at the bigger picture, and I have adjusted my alternate wave count accordingly today. At this stage the...
by Lara | Sep 11, 2013 | Gold
Yesterday’s analysis expected some downwards movement, but not as much as we got. The target was 1,394, but price fell through this and invalidated the hourly wave count. Price remains above the invalidation point on both daily wave counts. The wave count...
by Lara | Sep 10, 2013 | Trading Tips |
Upon first hearing about the Elliott wave principle most people have one of two reactions. Many will disclaim the concept that it is social mood which moves the markets (it’s normal to think it’s the other way around) and they will insist that the market...
