by Lara | Jul 2, 2019 | Gold |
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. Summary: Price has come down to test support at prior resistance just above 1,375 and bounced up...
by Lara | Jun 29, 2019 | US Oil |
Last week’s summary expected price to continue overall higher towards 60.53. The high for the week is at 59.93. Summary: Some sideways or downwards movement may unfold next week for a B wave. Thereafter, an upwards movement may end if price comes up to reach the...
by Lara | Jun 22, 2019 | US Oil
A sideways consolidation was expected for the week. Price has moved higher than expected, but it remains below the Elliott wave invalidation point. Summary: This bounce may either be over here or may continue higher towards 60.53. Final resistance may be found at the...
by Lara | Jun 14, 2019 | US Oil |
A relatively shallow bounce was expected to continue this week. A slightly higher high and a slightly higher low overall fits this expectation. Summary: A sideways consolidation for a fourth wave may continue next week. It may find resistance about the upper edge of...
by Lara | Jun 8, 2019 | US Oil
Downwards movement was expected to continue for the week, which is exactly what has happened. The Elliott wave structure is used to indicate when and where bounces may occur. Candlestick patterns and volume are used to guide the Elliott wave count. Summary: A...
by Lara | Jun 7, 2019 | Gold |
A new high above 1,346.45 was expected for the main Elliott wave count, although some further consolidation was expected first. Summary: This upwards trend is expected to end above 1,346.45 but not above 1,365.68. Along the way up, one more small multi day...
by Lara | Jun 1, 2019 | US Oil
A small bounce to about 61.33 was expected to begin the week, and thereafter downwards movement was expected to continue and to show an increase in momentum. The bounce was more shallow than expected, reaching only to 59.69, but strong downwards movement fits the...
by Lara | May 25, 2019 | US Oil
Downwards movement was expected this week for US Oil, which is exactly what has happened. Summary: A bounce may begin next week to about 61.33. The next wave down may begin thereafter, which may show a further increase in momentum. The final target is now calculated...
by Lara | May 17, 2019 | US Oil
An upwards week sees price remain below the invalidation point. Volume analysis is relied upon heavily this week to indicate the direction for next week. Summary: The next wave down may now begin. The final target is now calculated at 10.72. Further confidence that a...
