Enda Glynn | TalkMarkets | Page 3
Elliot Wave Analyst
Contributor's Links: Bullwaves
My name is Enda Glynn. I analyse the markets from an Elliott Wave and technical analysis perspective at Bullwaves.org. I have been analyzing and trading using Elliott Wave (EW) theory for over ten years now and, in my ...more

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Gold On The Verge Of Another Elliott Wave Signal
Gold continued its rally in wave 'i' brown today. I was looking for another push into 1280, and today high reached 1287.94.
Cable Leads The Way In A Major Turn For USD
Cable took a beating today with the first bearish action in two weeks. We got a slight new high overnight as expected, And then a very impulsive looking decline this morning.
EURUSD Top Scenario, Gold Has An Even More Bullish Interpretation
With the general expectation of a major top soon in EURUSD, I feel it is important to remain vigilant.
Bullish Signals Keep On Coming In Gold
Gold began its decline into a possible wave 'ii' brown today. The declines look corrective so far so the overall interpretation remains the same.
Reality Is Going To Bite Back Soon!
Stocks overvalued to the tune of about 150% above long term historical valuation norms. A fall of 60% would be required to bring the market back to a normal valuation level. But the next stock market collapse will not stop at 60%.
Gold Looks Bullish, Dow Looks To Go Down
The Dow pushed higher on Friday as expected in last night's analysis. The market is up about 125 points into this evening's high. The price is now approaching the upper trend channel, and is likely to turn back down again
Gold Flashing Bullish Signals Again, USD/JPY Contracting Triangle In Play
The price action in Gold today looks suspiciously like we could possibly have a bottom in place. It is still too early to say, But the failure to break 1217.36 to create a new low, does raise my interest here.
The Bear Market Is One Step Closer
Today's pump and dump in stocks has once again invalidated the short-term bearish count shown on Friday.
Dow Hits An Air Pocket
It is a common occurrence for air pockets to appear near the top of a market, and today's action fits that picture. So yet again we get another sign that this market is on shaky ground.
Bullish Action In USDJPY, Gold Slammed
USDJPY rose today and broke Fridays high at 111.44. Interestingly, the price of gold hit the lower trendline and bounced from there.
Gold Bullish At 3 Degrees Of Trend
Downside momentum in Gold has now flat-lined after today's sideways action. The Dow topped in wave '3' blue today at 21539.
Outlook For Gold And USD/JPY - Monday, June 19
USD/JPY rose into resistance today. Gold reached the lower target at 1245 today.
Gold Is Now Sitting At A Turning Point To Remember
Gold is now sitting at a turning point to remember. Despite another decline today, I am more certain then ever of the larger bullish pattern.
Counting Down The Last Days Of The Bull - Market, At Five Degrees Of Trend
The Dow broke new highs yesterday, again. For the next few days, watch for a decline.
A Dollar Acceleration Phase Is Dead Ahead
USD/JPY continued its impulsive move to the upside yesterday in what may be the beginning of wave 'iii' brown. A Dollar acceleration phase is dead ahead.
Election Or Not, Cable Is Destined To Fall
Today's action in EURUSD has not cleared up the wave count just yet. The price is now resting at support of 1.1205. I want to see a clear break of that level, and continued declines into 1.1109 to affirm that this market has finally topped out.
33 to 48 of 49 Posts