Ewj: elliott wave

Quote from Quickless:

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My problem with Elliot Wave is that it is sufficiently vague.
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My experience tells me that just like any other TA method or technical pattern, Elliott Wave theory doesn't work all the time. But at the times when the chart shows a clear Elliott Wave pattern, it's time to use it :)
 
MACD SELL Signals in Gold, Silver and $XEU. $XEU MA(50) = support.
MACD BUY Signal in $USD, but MA(50) = resistance.
Crude Oil is forming an Ending Diagonal.
Gold and Silver may form reverse Head and Shoulders patterns.
 

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So MA(50) won, $USD fell from resistance, $XEU rose from support.
MACD is late sign, sometime BUY signal = top, SELL signal = bottom.
Measured Moved targets: 76.7 and 137 near the MA(200)s.
"W" and "M" targets: 82.5 and 126.
Gold's and Silver's reverse Head and Shoulders patterns confirmed.
Gold and Silver Nov highs = Bear Last Hope for a bear count, the "W" patterns will take Gold and Silver back to $2000 and $50 again.
 

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$USD's and $XEU's Head and Shoulders and reverse Head and Shoulders patterns confirmed, may be going to targets.
Gold's and Silver's fifth subwaves may be false breaks.
Crude Oil's MACD may show divergence.
 

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So it was really a false break for Gold and Silver.
The question is "a correction or a change of trend"?
It was a also a false break for $USD and $XEU.
"W" in $USD with MACD BUY Signal.
"M" patterns in $XEU, Gold and Crude Oil with RSI and MACD SELL Signals.
Reverse Head and Shoulders patterns ended with equal arms.
 

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