by Lara | Apr 23, 2018 | Gold |
Downwards movement was expected to continue with strong momentum. This is exactly what has happened. Summary: The target for this downwards swing to end is still 1,306. Along the way down, there may be another multi day bounce that should remain below 1,333.84. It may...
by Lara | Apr 14, 2018 | US Oil
A new high above 66.65 has substantially reduced the probability of the main Elliott wave count and increased the probability of the alternate. This week the two wave counts should be swapped over. Summary: The probability that Oil is in a huge new bull market looks...
by Lara | Apr 7, 2018 | US Oil |
Downwards movement continued this week exactly as expected. Summary: The target for a new low remains at 13.39. A new low on the way down, below 55.24, would add substantial confidence in a bearish outlook. At least for the short term classic technical analysis...
by Lara | Apr 4, 2018 | Gold |
A downwards swing was expected to continue. Members were warned that within this consolidation price should not be expected to move in a straight line. The whipsaw today is a good illustration of risk within consolidations. Summary: Expect this downwards swing to...
by Lara | Apr 1, 2018 | US Oil
A turn was expected. Price has remained just below the invalidation point and printed a red weekly candlestick. Summary: Price must continue lower here for the main Elliott wave count. A new high above 66.65 would substantially reduce the probability of the bearish...
by Lara | Mar 17, 2018 | US Oil
Another small range week, this time an inside week, does not change the Elliott wave analysis. Summary: The outlook will remain bearish while price remains below 66.65. A new high above 66.65 at this stage would be very bullish. In the short term, still look for a...
by Lara | Feb 27, 2018 | Gold |
Upwards movement was expected to continue, but members were warned that when price is within a consolidation it does not move in a straight line. Strong downwards movement today remains above support. Summary: Look for this downwards swing to end about 1,310 –...
by Lara | Feb 25, 2018 | US Oil
Upwards movement was expected to end last week, but price continues to move higher. Volume does not support the rise in price though, and there is resistance overhead. Summary: The outlook will remain bearish while price remains below 66.65. A new high above 66.65 at...
by Lara | Feb 6, 2018 | Gold |
Price reacted downwards off the trend channel on the hourly charts and has bounced up from support at the lower edge. Summary: Assume resistance and support at the trend channel for the short term. If price breaks above the upper edge, look for a strong bounce. The...
