by Lara | Mar 19, 2020 | Uncategorized |
A small upwards day completes a spinning top candlestick. This session falls short of an 80% up day, so the main Elliott wave count remains most likely. Summary: It may be safest to assume the downwards trend remains intact while price remains below 2,553.93. The...
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 25, 2020 | Uncategorized |
A correction was expected for this week. A very strong downwards session remains within allowable limits for the Elliott wave count. Summary: The trend is up. Consolidations and pullbacks may last a few weeks but should be viewed in the bigger context of an ongoing...
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 30, 2020 | Uncategorized |
A downwards day closes green. Another inconclusive day fits overall expectations of a consolidation continuing. Summary: A pullback or consolidation has begun. It may continue now through to the end of next week and possibly a little longer. Support is expected to be...
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 | Jan 7, 2020 | Uncategorized |
A small inside day continues a small consolidation. The main and alternate short-term Elliott wave counts remain essentially the same. Summary: At this stage, it is possible that minor wave 3 could be over. Confidence in this view is required with a new low below...
by Lara | Jan 2, 2020 | Uncategorized |
Price is now very close to the Elliott wave target at 3,260. Summary: There is now some bearish divergence with extreme conditions. Minor wave 4 may arrive tomorrow. The short-term target at 3,260 remains the same. Three large pullbacks or consolidations (fourth...
