by Lara | Sep 14, 2014 | Silver, Silver Historical |
At this stage I expect Silver should end this first wave down next week. The short term target is 18.335. Thereafter, a second wave correction should unfold which may be very deep. Click on charts to enlarge. Downwards movement subdivides so far as an incomplete...
by Lara | Sep 13, 2014 | Gold, Gold Historical |
Downwards movement continued as expected from last Elliott wave analysis. I have a new alternate wave count for you which differs at the weekly and daily chart level. Summary: Downwards movement is incomplete. The short term target is 1,221 where a fourth wave...
by Lara | Sep 11, 2014 | Gold |
Although the short term target was too high, the second hourly Elliott wave count was more correct. I have just the one daily Elliott wave count and now one hourly Elliott wave count for you today. Summary: Downwards movement is incomplete. The short term target is...
by Lara | Sep 10, 2014 | Gold |
Another downwards day and another red candlestick was expected. The short term target was not met with price $2.73 short of the target. The Elliott wave count remains the same. Summary: We may see a small fourth wave correction begin here to last a day or two, or...
by Lara | Sep 9, 2014 | Gold
Price has moved lower which was expected, but the short term target was not met. The wave count remains mostly the same; targets remain the same. Summary: The short term target at 1,241 should be met within 24 hours now. Thereafter, a small upwards correction may last...
by Lara | Sep 8, 2014 | Gold |
Downwards movement continues as expected. Upwards corrections are finding resistance at the upper edge of the small green channel on the hourly chart, as expected. The Elliott wave count remains the same. Summary: The short term target at 1,241 may be met within 24...
by Lara | Sep 6, 2014 | Gold |
A green candlestick on the daily Elliott wave chart indicates this last fifth wave will be extended, and will take its time. The targets remain the same. Upwards movement remains below the invalidation point and ended at the upper edge of the channel, as expected it...
by Lara | Sep 4, 2014 | Gold |
A throwback up to the (B)-(D) trend line was expected from yesterday’s Elliott wave analysis, which is exactly what happened. Price came extremely close to the trend line before sharply turning back downwards. Summary: The first target for downwards movement to...
by Lara | Sep 3, 2014 | Gold |
Analysis is a little earlier than usual today. Price remains below the black (B)-(D) trend line on the daily chart. I expect Wednesday’s session will close below this line providing full confirmation of this wave count. Summary: Despite a green candlestick for...
