by Lara | Sep 16, 2013 | Gold
Last analysis expected a little upwards movement to a short term target at 1,338 before price turned and continued the new downwards trend. Price did move higher, falling 2.86 short of the target, before turning around to make a slightly new low. Click on the charts...
by Lara | Sep 14, 2013 | Gold
Last analysis expected downwards movement to a short term target at 1,308. Price reached down to 3.02 below the target before turning upwards, but it did not manage to stay within the narrowly drawn channel on the hourly chart. The wave count remains mostly the same....
by Lara | Sep 12, 2013 | Gold, Gold Historical
Yesterday’s analysis stated the situation was unclear, and introduced a new alternate wave count. Today movement below 1,344.26 invalidated the main wave count and confirmed the alternate. Click on the charts below to enlarge. This weekly chart shows all...
by Lara | Sep 12, 2013 | Silver
Last week’s analysis expected some downwards movement towards a short term target at 22.463 to 22.481 before a trend change and upwards movement. Price did move a little lower, but not as low as expected, falling 0.239 short of the target. We do not have...
by Lara | Sep 12, 2013 | Gold |
Yesterday’s analysis expected upwards movement. Price has moved sideways in a small range. This lack of upwards movement has made me take another look at the bigger picture, and I have adjusted my alternate wave count accordingly today. At this stage the...
by Lara | Sep 11, 2013 | US Oil
Last week’s analysis expected upwards movement in a zigzag structure which is what has happened. The upwards zigzag is incomplete. Click on the charts below to enlarge. Cycle wave b is incomplete, and is unfolding as a double zigzag. Primary wave X within it was...
by Lara | Sep 11, 2013 | Gold
Yesterday’s analysis expected some downwards movement, but not as much as we got. The target was 1,394, but price fell through this and invalidated the hourly wave count. Price remains above the invalidation point on both daily wave counts. The wave count...
by Lara | Sep 10, 2013 | Trading Tips |
Upon first hearing about the Elliott wave principle most people have one of two reactions. Many will disclaim the concept that it is social mood which moves the markets (it’s normal to think it’s the other way around) and they will insist that the market...
by Lara | Sep 10, 2013 | Trading Tips, Wave Notation
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