by Lara | Nov 6, 2014 | Silver, Silver Historical
Summary: I am expecting a sideways consolidation for two to four days before a resumption of the downwards trend. Click on charts to enlarge. Downwards movement subdivides so far as an incomplete double zigzag. This cannot be an impulse if the movement which I have...
by Lara | Nov 5, 2014 | Gold
Movement below 1,161.26 invalidated the main Elliott wave count and confirmed the two alternates. Summary: I expect a green candlestick or a small doji for Thursday’s session as a second wave unfolds. Expect any surprises from here on to be to the downside as...
by Lara | Nov 4, 2014 | Gold |
A small green candlestick on the daily chart, and a slight increase in upwards momentum on the hourly chart, fits the main Elliott wave count well. Summary: It is still most likely that the minor degree trend is now upwards. The target for the next wave up is at 1,278...
by Lara | Nov 3, 2014 | Gold
Upwards movement was expected for Monday’s session. A red candlestick was not expected, but price has mostly moved sideways and remains above the invalidation point on the main Elliott wave hourly chart. Summary: It is still most likely that downwards movement...
by Lara | Nov 2, 2014 | Silver |
Downwards movement was expected, but the target at 16.673 was inadequate. Price has reached 0.967 below the target to 15.706. I expect upwards movement from here to complete minor wave 2, to maybe last a Fibonacci 13 or 21 sessions. Click on charts to enlarge. Minor...
by Lara | Nov 2, 2014 | GDX |
The target down for minor wave 1 to end was at 19.47. Price has moved well below this target, so far to 16.89, 2.58 below the target. The structure for minute wave v is incomplete. A new target for minor wave 1 downwards is at 16.26 which may be met within one or two...
by Lara | Nov 1, 2014 | Gold |
Downwards movement continued as expected, but reached well below the target which was at 1,182. A red candlestick was expected for Friday. Summary: It is now likely that downwards movement is complete for now. The target for the next wave up is at 1,278 – 1,281....
