Upwards movement has continued as the bigger picture for the Elliott wave count expected, although a little more sideways movement was expected first.
Another small range day remains below the last high. Overall, this fits the short-term expectation for the Elliott wave count.
Today On Balance Volume and the AD line indicate the likely form of this current correction.
A very small range upwards day remains below the prior high and overall fits the short-term picture for the Elliott wave count.
Downwards movement has indicated a larger correction may have arrived after eight consecutive upwards sessions. Volume is analysed to identify strength or weakness in today’s pullback.
A new high for Monday continues the upwards trend. The Elliott wave count remains the same and the target from the pennant pattern has not yet been met.
Video of Lara’s Weekly, an end of week Elliott Wave and Technical Analysis of the S&P 500 and GOLD and USOIL, for week ending 5 April 2019 is published on the Elliott Wave Gold website. You can access the analysis here.
Commentary and charts of Lara’s Weekly, an end of week Elliott Wave and Technical Analysis of the S&P 500 and GOLD and USOIL, for week ending 5 April 2019 is published on the Elliott Wave Gold website. You can access the analysis here.
The upwards trend continues overall as expected. Elliott wave targets remain the same.
The upwards trend was expected to continue. An inside day today closes green, and the balance of volume was upwards. Elliott wave and classic analysis targets remain the same.