by Lara | Nov 20, 2014 | Gold |
A small green candlestick fits the Elliott wave count. Downwards movement is finding support about the lower edge of the green base channel on the hourly chart. Summary: Momentum may not show a strong increase for another day or so. The trend remains up, and the short...
by Lara | Nov 19, 2014 | Gold |
A new low below 1,181.56 confirmed the alternate hourly Elliott wave count. At that stage downwards movement to 1,173 was expected. Price reached 2.18 short of this target before turning up. Summary: Over the next few days I would expect to see an increase in upwards...
by Lara | Nov 19, 2014 | Silver |
Summary: I expect upwards movement to about 18.812. Click on charts to enlarge. This wave count is changed from last publication. If minor wave 1 was over lower and more recently, then it has a better fit. Ratios within minor wave 1 are: minute wave iii is 0.81 longer...
by Lara | Nov 19, 2014 | GDX |
Movement for the last eight days fits this Elliott wave count perfectly. Click charts to enlarge. Ratios within minor wave 1 are: there is no Fibonacci ratio between minute waves i and iii, and minute wave v is 0.18 short of 2.618 the length of minute wave i. Minor...
by Lara | Nov 18, 2014 | Gold |
Upwards movement has clarified the situation. Yesterday’s alternate is now the main Elliott wave count, and I have to discard the other Elliott wave count because it no longer fits on the hourly chart and is invalid. Summary: I expect upwards movement most...
by Lara | Nov 17, 2014 | Gold |
Price has moved mostly sideways to complete a small red candlestick. The main and new alternate Elliott wave counts both remain valid. Summary: I still favour the main wave count, but it requires a new low below 1,146.98 before I will have confidence in the target at...
by Lara | Nov 17, 2014 | Gold |
I have taken some time to try and see an alternate Elliott wave count which would expect more upwards movement. If price does keep moving strongly higher, as many members seem to expect it will do, this is the wave count I would prefer. It would be confirmed with a...
by Lara | Nov 14, 2014 | Gold |
The main hourly wave count was correct. Price did not move as low as the target at 1,137, but it did reach the minimum at 1,148.96. Thereafter, strong upwards movement was expected for the first two hourly wave counts, although the target at 1,179 – 1,183 was...