by Lara | Oct 9, 2015 | Gold |
Upwards movement invalidated the bear Elliott wave count and confirmed the bull. With some adjustment, the bear Elliott wave count is still valid and will only be discarded when the channel containing this bear market is breached. The bear wave count will remain...
by Lara | Oct 8, 2015 | Gold |
Downwards movement was expected for the bear Elliott wave count and this is what has happened. So far both Elliott wave counts remain valid. Summary: The short term target for a third wave for the bear is 1,106. This may be met next week. The short term target for the...
by Lara | Oct 7, 2015 | Gold |
Downwards movement was expected. Price first moved higher but remained below the invalidation point for the bear Elliott wave count. Price then turned lower to complete a small red candlestick. Summary: I expect downwards movement from here for the bear wave count for...
by Lara | Oct 6, 2015 | Gold |
Upwards movement was expected by the bull Elliott wave count overall, but the pathway there was not what was expected. Price still has not invalidated or confirmed either Elliott wave count. Summary: It looks most likely we shall see some downwards movement from here....
by Lara | Oct 5, 2015 | Gold |
A slight new high on light volume changes both Elliott wave counts. The bull and bear Elliott wave counts now diverge. Summary: The bear wave count expects downwards movement and would be confirmed with a new low below 1,098.85; the target is 1,058. The bull wave...
by Lara | Oct 2, 2015 | Gold |
An upwards correction was expected as likely to have begun, and this was confirmed when the small channel on the hourly chart was breached. Two targets were provided: 1,128 or 1,139. Price reached up to 1,141. Summary: Next week both wave counts expect downwards...
by Lara | Oct 1, 2015 | Gold |
A small red doji candlestick fits both Elliott wave counts nicely, for the short term. Summary: Both Elliott wave counts expect a small consolidation has begun. However, we do not have confirmation at the hourly chart level yet. Only a breach of the channel on the...
by Lara | Sep 30, 2015 | Gold |
Both Elliott wave counts expected a small consolidation to begin and to last for one to three days. This is not what happened. Price moved lower. Summary: Both Elliott wave counts still expect a consolidation to show up which should last one to three days. The...
by Lara | Sep 29, 2015 | Gold |
Both Elliott wave counts will expect the same movement next. Summary: A small consolidation should unfold over the next one to three days. The bear wave count sees it as a second wave correction, the bull as a B wave within a B wave. When it is done the breakout...
