by Lara | Oct 13, 2015 | Gold |
Sideways / downwards movement was expected for both Elliott wave counts. Price moved lower then retraced almost all of the loss to complete a hanging man candlestick pattern for the session. Summary: Both wave counts have problems and price has not yet finally...
by Lara | Oct 7, 2015 | Gold |
Downwards movement was expected. Price first moved higher but remained below the invalidation point for the bear Elliott wave count. Price then turned lower to complete a small red candlestick. Summary: I expect downwards movement from here for the bear wave count for...
by Lara | Oct 5, 2015 | Gold |
A slight new high on light volume changes both Elliott wave counts. The bull and bear Elliott wave counts now diverge. Summary: The bear wave count expects downwards movement and would be confirmed with a new low below 1,098.85; the target is 1,058. The bull wave...
by Lara | Sep 29, 2015 | Gold |
Both Elliott wave counts will expect the same movement next. Summary: A small consolidation should unfold over the next one to three days. The bear wave count sees it as a second wave correction, the bull as a B wave within a B wave. When it is done the breakout...
by Lara | Sep 25, 2015 | Gold |
Last analysis expected a red candlestick for Friday, which is what happened. Both bull and bear Elliott wave counts remain valid. Summary: The bear wave count now expects a third wave down is developing. The bull wave count expects a B wave down. A new low below...
by Lara | Sep 21, 2015 | Gold |
Both Elliott wave counts expected downwards movement for Monday, which is what happened. Summary: The bull and bear wave counts again diverge. The bear wave count expects downwards movement to continue. The bull wave count expects upwards movement from here. The...
by Lara | Sep 18, 2015 | Gold |
Short term the bear wave count expected upwards movement to 1,143. Price has moved higher to 1,141.83. Summary: Both wave counts expect downwards movement from here: the bear for the middle of a big third wave and the bull for a fourth wave correction which should...
by Lara | Sep 17, 2015 | Gold |
Both Elliott wave counts remain valid today. Summary: Upwards movement favours the bull Elliott wave count, but it is not enough to invalidate the bear Elliott wave count. I am changing the bear wave count slightly to see this upwards movement as minuette wave (ii),...
by Lara | Sep 15, 2015 | Gold |
A small red candlestick on light volume indicates a correction unfolded during Tuesday’s session. Price still has not clarified the situation, and both bull and bear Elliott wave counts remain valid. Summary: The bear wave count expects downwards movement to...
