by Lara | Nov 30, 2014 | GDX |
Upwards movement was expected for a correction. Click charts to enlarge. The clearest piece of movement is the downwards movement from the high. This looks like either a complete five down, or an almost complete five down (if the fifth wave is incomplete). This may be...
by Lara | Nov 19, 2014 | GDX |
Movement for the last eight days fits this Elliott wave count perfectly. Click charts to enlarge. Ratios within minor wave 1 are: there is no Fibonacci ratio between minute waves i and iii, and minute wave v is 0.18 short of 2.618 the length of minute wave i. Minor...
by Lara | Nov 2, 2014 | GDX |
The target down for minor wave 1 to end was at 19.47. Price has moved well below this target, so far to 16.89, 2.58 below the target. The structure for minute wave v is incomplete. A new target for minor wave 1 downwards is at 16.26 which may be met within one or two...
by Lara | Oct 24, 2014 | GDX
I am changing the wave count at the daily chart level. I have more confidence in this wave count today. Click charts to enlarge. Sideways movement over the last week or so fits nicely as a barrier triangle. Now minute waves ii and iv are better in proportion, and the...
by Lara | Oct 10, 2014 | Gold |
Downwards movement was not expected. I had expected upwards movement to show an increase in momentum. Summary: This third wave up should still show a further increase in momentum. The short term target which should be met within a couple of days is 1,245. The mid term...
by Lara | Oct 9, 2014 | GDX |
As expected GDX has moved lower. The target for minute wave iii to end was 22.32 and I expected it to be met one to two weeks after last analysis. It looks like it may have ended at 22.02 one and a half weeks after last analysis. I expect a little sideways movement to...
by Lara | Sep 30, 2014 | GDX |
As expected GDX has moved lower. The target for minute wave iii to end was 22.32 and I expected it to be met one to two weeks after last analysis. It looks like it may have ended at 22.02 one and a half weeks after last analysis. I expect a little sideways movement to...
by Lara | Sep 14, 2014 | GDX
As expected GDX has moved lower. This Elliott wave count looks correct so far. We have some price confirmation with a new low below 25.59. Click charts to enlarge. The clearest piece of movement is the downwards movement from the high. This looks most like a first,...
by Lara | Aug 26, 2014 | Gold |
I have an increased confidence in the main Elliott wave count today with a breach of the orange channel on the hourly chart. Summary: In the short term I expect the next wave up may be about $26.81 in length, which should see a further increase in upwards momentum. A...