The main Elliott wave count expected upward movement for the week, which is exactly what has happened. A large Elliott wave triangle looks to be completing.
Continue reading US OIL: Elliott Wave and Technical Analysis | Charts – October 11, 2019
Tag Archives: elliottwave analysis
US OIL: Elliott Wave and Technical Analysis | Charts – October 04, 2019
Downwards movement followed expectations for the Elliott wave triangle pattern on the daily chart.
Two daily charts are presented again for the main wave count. It is important to always consider alternates when an Elliott wave triangle looks to be unfolding.
Continue reading US OIL: Elliott Wave and Technical Analysis | Charts – October 04, 2019
GOLD: Elliott Wave and Technical Analysis | Charts – September 30, 2019
Overall, both Elliott wave counts have expected downwards movement. The first short-term target at 1,464 has almost been met with a low today at 1,465.83.
Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – September 30, 2019
US OIL: Elliott Wave and Technical Analysis | Charts – September 27, 2019
A consolidation was expected to continue. Price remains range bound.
Continue reading US OIL: Elliott Wave and Technical Analysis | Charts – September 27, 2019
US OIL: Elliott Wave and Technical Analysis | Charts – September 20, 2019
Downwards movement was expected for the week, but a new high above 58.75 indicated a deeper bounce. At that stage, the target was at 74.75.
Continue reading US OIL: Elliott Wave and Technical Analysis | Charts – September 20, 2019
US OIL: Elliott Wave and Technical Analysis | Charts – September 13, 2019
Price remained below the short-term invalidation point and within the channel ending the week with strong downwards movement, which was expected.
Continue reading US OIL: Elliott Wave and Technical Analysis | Charts – September 13, 2019
GOLD: Elliott Wave and Technical Analysis | Video – September 6, 2019
GOLD: Elliott Wave and Technical Analysis | Charts – September 6, 2019
Downwards movement was expected for Friday’s session, which is what has happened.
Both Elliott wave counts expect the same direction next.
Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – September 6, 2019
US OIL: Elliott Wave and Technical Analysis | Charts – September 6, 2019
Again, downwards movement was expected for Oil. An outside week closes green, and price remains below resistance.
Continue reading US OIL: Elliott Wave and Technical Analysis | Charts – September 6, 2019
US OIL: Elliott Wave and Technical Analysis | Charts – August 30, 2019
Downwards movement was expected for Oil this week. Although the candlestick has closed green, a lower low and a lower high fits the expectation.
Continue reading US OIL: Elliott Wave and Technical Analysis | Charts – August 30, 2019
US OIL: Elliott Wave and Technical Analysis | Charts – August 23, 2019
A small bounce within the week remained below the invalidation point and within the channel. Thereafter, downwards movement continued as expected.
Continue reading US OIL: Elliott Wave and Technical Analysis | Charts – August 23, 2019
US OIL: Elliott Wave and Technical Analysis | Charts – August 16, 2019
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
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