Downwards movement has again continued as both Elliott wave counts expected for this week.
Continue reading US OIL: Elliott Wave and Technical Analysis | Charts – August 16, 2019
Tag Archives: elliottwave analysis
GOLD: Elliott Wave and Technical Analysis | Charts – August 15, 2019
A small range day has not managed to make a new high. Declining ATR and light volume still suggest some consolidation may unfold here.
Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – August 15, 2019
US OIL: Elliott Wave and Technical Analysis | Charts – August 9, 2019
Downwards movement for Oil has unfolded as expected for the week.
The alternate Elliott wave count is adjusted slightly.
Continue reading US OIL: Elliott Wave and Technical Analysis | Charts – August 9, 2019
US OIL: Elliott Wave and Technical Analysis | Charts – August 2, 2019
Downwards movement was expected for the week. An outside week closes red.
This week On Balance Volume gives a reasonable signal at the weekly chart level, and the short-term volume profile supports the main Elliott wave count.
Continue reading US OIL: Elliott Wave and Technical Analysis | Charts – August 2, 2019
US OIL: Elliott Wave and Technical Analysis | Charts – July 26, 2019
Downwards movement with a possible small bounce for a second wave was expected for the week. A small inside week fits the expectation for a small bounce.
Continue reading US OIL: Elliott Wave and Technical Analysis | Charts – July 26, 2019
GOLD: Elliott Wave and Technical Analysis | Charts – July 24, 2019
All three Elliott wave counts remain valid while price remains above 1,346.45.
Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – July 24, 2019
US OIL: Elliott Wave and Technical Analysis | Charts – July 19, 2019
A bounce was expected to end very early within the week in the target zone from 60.53 to 61.74. No more upwards movement was seen. Price has turned within this target zone.
Continue reading US OIL: Elliott Wave and Technical Analysis | Charts – July 19, 2019
US OIL: Elliott Wave and Technical Analysis | Charts – July 12, 2019
Upwards movement for the week was expected to a target zone at 60.53 to 61.74. The high for the week at 60.93 fits this expectation exactly.
Continue reading US OIL: Elliott Wave and Technical Analysis | Charts – July 12, 2019
US OIL: Elliott Wave and Technical Analysis | Charts – July 5, 2019
Some sideways or downwards movement was expected for the week. An outside week closes red, meeting expectations overall.
Continue reading US OIL: Elliott Wave and Technical Analysis | Charts – July 5, 2019
GOLD: Elliott Wave and Technical Analysis | Charts – July 2, 2019
The last high remains in place. All three Elliott wave counts at the daily chart level remain valid. Classic technical analysis favours the alternate Elliott wave count.
Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – July 2, 2019
US OIL: Elliott Wave and Technical Analysis | Charts – June 28, 2019
Last week’s summary expected price to continue overall higher towards 60.53. The high for the week is at 59.93.
Continue reading US OIL: Elliott Wave and Technical Analysis | Charts – June 28, 2019
US OIL: Elliott Wave and Technical Analysis | Charts – June 21, 2019
A sideways consolidation was expected for the week. Price has moved higher than expected, but it remains below the Elliott wave invalidation point.
Continue reading US OIL: Elliott Wave and Technical Analysis | Charts – June 21, 2019
US OIL: Elliott Wave and Technical Analysis | Charts – June 14, 2019
A relatively shallow bounce was expected to continue this week. A slightly higher high and a slightly higher low overall fits this expectation.
Continue reading US OIL: Elliott Wave and Technical Analysis | Charts – June 14, 2019