by Lara | Dec 21, 2018 | US Oil |
An intra-week update gave a new target for more downwards movement. Price has continued to move lower towards the target. Summary: Intermediate wave (1) has proven to be incomplete. The new target for it to end at is 42.10. Use the best fit channel on the daily chart....
by Lara | Dec 14, 2018 | US Oil |
A correction for a second wave on the Elliott wave count was expected to have begun. So far this is starting out with some sideways movement, which still fits the overall expectation. Summary: Intermediate wave (2) may last about 5 to 13 weeks and may be very deep...
by Lara | Dec 7, 2018 | US Oil |
Members were advised in last analysis to expect a low in place when the channel on the daily chart was breached. This happened on the 4th of December. Summary: A breach of the narrow channel on the daily chart in last analysis indicated an end to intermediate wave (1)...
by Lara | Dec 1, 2018 | US Oil
Downwards movement has continued for the week as expected. The target remains the same. Summary: Oil is in a downwards trend. The probability that Oil may continue to move reasonably below 26.06 has increased. Trends do not move in straight lines. There will be...
by Lara | Nov 29, 2018 | Gold |
Upwards movement was expected to resume for Thursday’s session, which is what has happened. Summary: The upwards trend may now resume. The target remains the same at 1,295. The final target for this bounce to end is about 1,305 – 1,310. New updates to this...
by Lara | Nov 23, 2018 | US Oil
A new low below 51.67 has invalidated the alternate bullish Elliott wave count, adding confidence to the main bearish Elliott wave count. The short-term target remains the same. Summary: Oil is in a downwards trend. The probability that Oil may continue to move...
by Lara | Nov 17, 2018 | US Oil |
It was expected that while price remained within a channel drawn on the daily chart that price would continue to fall. A new low below 55.24 was a very bearish signal. Summary: Oil is in a downwards trend. A new low now below 51.67 would be another very strong bearish...
by Lara | Nov 14, 2018 | US Oil |
The Elliott wave count has been invalidated. Two new Elliott wave counts are considered. Summary: Oil is in a downwards trend. A new low now below 51.67 would be another very strong bearish signal. If that happens, then the probability that Oil may continue to move...
by Lara | Nov 10, 2018 | US Oil |
Price has remained within the small channel all week, so no indication that a low could be in place has been given. Summary: At this stage, the classic technical analysis no longer supports the Elliott wave count. While it is still possible that the Elliott wave count...
