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Thursday, October 25, 2018

Elliott Wave Update ~ 25 October 2018


Wednesday, October 24, 2018

Elliott Wave Update ~ 24 October 2018

As was noted yesterday, the overhead resistance proved pivotal and was a bearish sign.
Overthrow and now solidly back under.
The GDOW is a very bearish pattern - overlapping waves - since 2009 no matter how you try and count it. 
The count below is ultimately the most bearish. Overlapping waves for 9 years in an impulse-type count (5 waves) predicts a swift price collapse back to at least where it started.


Tuesday, October 23, 2018

Elliott Wave Update ~ 23 October 2108

We got that lower low. Overall count? We'll have to see how things shake out. But the market did get rejected at overhead resistance (red line). That's bearish.
No matter the short term gyrations, this chart is a gloomy one that has every wave accounted for.
Gold hanging in there.


Tuesday, October 16, 2018

Elliott Wave Update ~ 16 October 2018

Back to former support line.

Monday, October 15, 2018

Elliott Wave Update ~ 15 October 2018

Looking for the completion of the first impulse 5 wave structure down.

Thursday, October 11, 2018

Elliott Wave Update ~ 11 October 2018

Gold has some movement
Oil
Been a while since there was true panic. 
The FED can't keep up with the market. They'll raise rates again. The market always leads and the FED follows. 
This is kinda my take on the dollar. 
Could October 2018 be the biggest down monthly candle ever? Its only the 11th.
Log scale:







Wednesday, October 10, 2018

Elliott Wave Update ~ 10 October 2018

As I stated 2 updates ago, there was enough waves in place to justify the top was in. Key support levels given for a trend change and today those levels were solidly closed under. What took prices almost 3 months to claw ever upward was lost in only a matter of a few weeks. Such is the viciousness of a bear wave.
The weekly has the overall count. Prices fell back beneath the overthrow upper channel line.

Wednesday, October 3, 2018

Elliott Wave Update ~ 3 October 2018

It feels like a complex wave [iv] is tracing out before the final push.