l.pro

l.pro

Short term: looking for correction to 2200 area with reversal and one more higher high. Mid-term: looking for the end of uptrend started on 03/2009 with reversal zone at 2430-2560. Possible scenarios: 1. "Continuation" (less probable but less scary) - if the move from 03/2009 is the first wave in the up-trend of higher degree, expect correction to 1800 area with...

l.pro

Last upside from $1200s looks impulsive on lower timeframes. 3-wave correction from current levels would confirm that C of B is in progress. Go long til $1400+ then... If this view is incorrect, we still need 3 wave correction of last impulse and then we going to have C wave up to about $1300... So, go long after correction anyway... )

l.pro

1. COT at extremes: Commercials (insiders) hold their largest net short position since 2004. 2. Correction from last peak of 1303 is in 3 waves... 3. Last move from 1287 is in 3 waves... This structure could be complete at 1315 with a "double top"

l.pro

If first X is 5, then I expect clear 5 waves down as 1 of 5 of A. So far, I see only 3 down... that makes me think that we see see some sort of combination here. If WXY is complete, next move should be either 1-2 to upside... or another 3-wave structure. And that's exactly that we see... that left for us only one option - tripple zig-zag. I mean, I know triple...

l.pro

Hi guys, I know that could be unpopular idea, as many seems to count Friday's move to 1280 as 5 of 5 of A. I cannot do that, as that Friday's move from 1253 to 1280 is a clear 3 wave structure on 5 m chart (sorry, TV not allow to post 5m charts here, but you can check yourself). To count that move as 5 of 5 of A is against EW rules... So... Here is my idea... I...

l.pro

Triangle pattern still in play. Evidence grow as bulls failed to make a new high above 1253 today, that would invalidate this count. We probably made A of circled E down and started corrective B of circled E that I expect to develop the whole NYC session today, with PA squeezed between MA50 & MA200. Final low of circled E expected by 6 a.m. EST tomorrow. I...

l.pro Updated 

After an impulse to $1900, Gold completed A down to $1040. Corrective wave B that unfold right now is corrective by nature and will unfold as 5-3-5 structure itself. Currently we're in 4 of A of B. After circled A-B unfolded as 3-wave structures, the only options that left for primary 4 was: - Flat (3-3-5 structure); - Triangle (3-3-3-3-3 structure). In Flat...