by Lara | Mar 17, 2020 | Uncategorized |
A lower low and a lower high fits the definition of downwards movement, but the session spent most of the time moving price higher. The Elliott wave counts remain the same. Summary: A short-term target at 2,173 may be about where a bounce or consolidation may begin....
by Lara | Feb 21, 2020 | Uncategorized
by Lara | Feb 21, 2020 | Uncategorized |
Downwards movement was expected for Friday’s session, which is exactly what has happened. The Elliott wave count uses structure and alternation to indicate where price may find support and how long a correction may last. Summary: The trend is up. Consolidations...
by Lara | Jan 28, 2020 | Uncategorized |
The Elliott wave count now expects a pullback or consolidation to continue. An upwards day remains below the last high and fits expectations so far. Summary: A pullback or consolidation has begun. It may continue now through to the end of next week and possibly a...
by Lara | Dec 30, 2019 | Uncategorized |
A new low below 3,220.51 and the narrow channel about most recent upwards movement suggests a fourth wave correction may have arrived. Fibonacci ratios and the fourth wave of one lesser degree are used to estimate a target for support. Summary: Minor wave 4 should...
by Lara | Dec 4, 2019 | Uncategorized |
Last analysis expected that a consolidation had begun. An upwards day, which has not made a new high, fits within a new potential trading range. Summary: Minor wave 4 may continue for about two weeks or so and may find next support about 3,037. It may be a choppy...
by Lara | Nov 11, 2019 | Uncategorized |
A small inside day leaves the Elliott wave counts the same. Summary: Overall, expect more upwards movement with shallow and / or brief corrections along the way. A third wave is continuing higher and has good support from breadth and volume. The next target is at...
by Lara | Oct 17, 2019 | Uncategorized |
Overall, upwards movement was expected to continue. With price now back close to resistance at the last all time high and showing a little weakness, the risk here of a small pullback is high. Fibonacci ratios are used to judge where a pullback may find support....
by Lara | Sep 24, 2019 | Uncategorized |
A pullback or consolidation was expected to continue to a short-term target at 2,975 – 2,977. The low for the session was at 2,957.73. Summary: This bull market has underlying strength to support it. The pullback may be over here. There is strong support at...
