by Lara | Oct 4, 2019 | US Oil
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. Summary:...
by Lara | Sep 30, 2019 | Gold |
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. Summary: The next short-term target may now be at 1,420. A classic analysis target using the flag pattern is at...
by Lara | Sep 27, 2019 | US Oil |
A consolidation was expected to continue. Price remains range bound. Summary: A consolidation is expected to most likely continue sideways for a few more weeks. Resistance is about 66.59 and support is about 50.53. The breakout is expected to most likely be downwards....
by Lara | Sep 20, 2019 | US Oil
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. Summary: A consolidation is expected to most likely continue sideways for a few more weeks. Resistance is about 66.59 and...
by Lara | Sep 13, 2019 | US Oil |
Price remained below the short-term invalidation point and within the channel ending the week with strong downwards movement, which was expected. Summary: A mid-term target is at 35.25 for a third wave down. This may exhibit an increase in momentum, and may end with a...
by Lara | Sep 6, 2019 | Gold |
Downwards movement was expected for Friday’s session, which is what has happened. Both Elliott wave counts expect the same direction next. Summary: Price remains range bound and volume suggests a downwards swing to support may begin here. The upwards trend...
by Lara | Sep 6, 2019 | US Oil
Again, downwards movement was expected for Oil. An outside week closes green, and price remains below resistance. Summary: A mid-term target is at 35.25 for a third wave down. This may exhibit an increase in momentum, and may end with a capitulation spike. The final...
by Lara | Aug 30, 2019 | US Oil |
Downwards movement was expected for Oil this week. Although the candlestick has closed green, a lower low and a lower high fits the expectation. Summary: A new mid-term target is now at 35.25 for a third wave down. This may exhibit an increase in momentum, and may end...
by Lara | Aug 23, 2019 | US Oil
A small bounce within the week remained below the invalidation point and within the channel. Thereafter, downwards movement continued as expected. Summary: A new mid-term target is now at 35.25 for a third wave down. This may exhibit an increase in momentum, and may...