Elliott Wave Update ~ 28 December 2018

Best guess count

Elliott Wave Update ~ 19 December 2018

Elliott Wave Update ~ 17 December 2018

Breaking through to the downside and a close below.

Weekly standard RSI hasn't been oversold since 2011. We've been overbought 11 times since then. Its probably overdue.

Elliott Wave Update ~ 14 December 2018

Updated primary count:

Again, if this is a wave (iii) of [iii] down, the wave structure predicts it will be a panic selling moment soon enough.

3 month yield still way ahead of Fed rate. They will be forced to raise again if this keeps up.

Barely a dip from the highs and France is already rioting. Social mood is in a precarious state worldwide.

The wave count for gold calls for an eventual thrust in prices higher.

Elliott Wave Update ~ 12 December 2018

If the count is correct, the market is approaching a powerful "three of three of three" down very soon.
This would be a powerful bear market move in price and fear. Prices would smash through the pivot lows of [a] of 4 back established back in February 2018

Elliott Wave Update ~ 6 December 2018

5 wave pattern down in the 10 minute chart. Expect a Fibonacci retrace.

We have a lower low than the previous pivot low - pink (b) - which indicates a triangle is not in play.

Elliott Wave Update ~ 4 December 2018

Elliott Wave Update ~ 28 November 2018

Finally some more clues to the count. I proposed in yesterday's suggestive count that a 3-3-5 flat was probably developing for a Minute wave [ii] correction count.  Today's price action would be the kickoff of wave iii of (c) of [ii]. We just need the patience to see things play out.

Here is a more detailed count of the subwaves down so far in support of the primary count:

Elliott Wave Update ~ 27 November 2018

Been on vacation. Happy holidays!

Elliott Wave Update ~ 15 November 2018

Elliott Wave Update ~ 8 November 2018

A little more squiggles for Minute [ii]

Elliott Wave Update ~ 2 November 2018

Probably the best count for now.

Elliott Wave Update ~ 25 October 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.

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.

Elliott Wave Update ~ 22 October 2018

Elliott Wave Update ~ 16 October 2018

Back to former support line.

Elliott Wave Update ~ 15 October 2018

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

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:

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.

Elliott Wave Update ~ 3 October 2018

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

Elliott Wave Update ~ 26 September 2018

Again, there are enough waves in place to justify the count.  There are a few key levels to watch. The red line represents a trend change if prices fall that far. The yellow line represents where we can expect the alternate [iv] prices to approximately level out at.

Elliott Wave Update ~ 20 September 2018

We are once again at a spot where there are enough subwaves in place to justify the count.

Weekly. Will prices run to the upper line? And this is log scale.