by Lara | Dec 3, 2015 | Silver, Silver Historical
Upwards movement to about 14.887 was expected last week. This is not what happened. Price moved sideways and then lower. Summary: The correction is still most likely incomplete. Upwards movement to a target at 14.827 – 14.887 is expected for the next week. New...
by Lara | Dec 2, 2015 | Gold |
Upwards movement was expected but did not happen. Downwards movement invalidated the hourly Elliott wave counts. Summary: Downwards movement is most likely a B wave within an expanded flat. The target for upwards movement from here is 1,086. First, a small channel on...
by Lara | Dec 1, 2015 | GDX |
MONTHLY ELLIOTT WAVE COUNT Click chart to enlarge. The bull wave counts for Gold have been invalidated, so I will not follow them for GDX. I will let Gold lead GDX. GDX has been in a bear market since September 2011. While price remains below the upper edge of the...
by Lara | Dec 1, 2015 | Gold |
Upwards movement was expected. Summary: This second wave correction may last a total Fibonacci 13 or 21 days. It would most likely end about the 0.382 Fibonacci ratio at 1,104, because it may find resistance there at a trend line. The trend is down. This is a...
by Lara | Nov 30, 2015 | US Oil, US Oil Historical |
Upwards movement was expected for the week, which is what happened overall. Summary: Upwards movement is unfolding exactly as expected, as a zigzag. Short term the wave count does not expect a new low below 39.89. Green daily candlesticks are expected for this week to...
by Lara | Nov 30, 2015 | Gold |
An upwards correction was expected to begin this week. Monday is completing a green daily candlestick which fits the Elliott wave count perfectly. Summary: This second wave correction may last a total Fibonacci 13 or 21 days. It would most likely end about the 0.382...
by Lara | Nov 27, 2015 | Gold |
An upwards breakout of a triangle was expected. Price broke out downwards, which was confirmed with a new low below 1,066.63. The Elliot wave count has changed. Summary: An impulse downwards is most likely complete. A correction upwards should unfold next week. The...
by Lara | Nov 26, 2015 | Gold |
Slow sideways movement was expected. I have a new hourly Elliott wave count today which fits recent movement perfectly. Summary: A triangle is most likely completing for a B wave. When it is done price should move strongly higher for a short sharp C wave to end above...
by Lara | Nov 25, 2015 | Silver, Silver Historical
A correction was expected to have begun. Price has moved sideways for the last week, typical of a correction. Summary: It is most likely that the correction will end with a little upwards movement to about 14.887. Thereafter, the main wave count expects more downwards...