by Lara | Feb 6, 2017 | US Oil |
Price continues to consolidate for US Oil. On Balance Volume may assist to show the breakout direction, so it should be watched carefully. The Elliott wave counts remain the same. Summary: A new high above 55.24 would indicate an upwards breakout, and the target would...
by Lara | Feb 6, 2017 | Gold |
Another upwards day fits the second hourly Elliott wave count. Price is now just above the target range, which was 1,219.11 to 1,233.43. Summary: If we expect the most common scenario to unfold, then we should be right more often than wrong. We will still be wrong...
by Lara | Feb 3, 2017 | Gold |
An inside day for Friday’s session leaves both Elliott wave counts valid. Classic technical analysis may assist to determine whether the main or alternate Elliott wave count is correct. Summary: Use the pink channel on the hourly charts. A break below would...
by Lara | Feb 2, 2017 | Gold |
Two hourly Elliott wave counts look at two possible scenarios for the next session. Summary: The target for this next wave down to end is at 1,164 – 1,160. First, a breach of the Elliott channel on the hourly charts is required for any confidence in a high. A...
by Lara | Feb 2, 2017 | Silver |
An important trend line has been breached. Summary: It looks like the correction for Silver may have been surprisingly brief and shallow. The target for upwards movement is at 18.33. If price breaks below 16.651, then a deeper pullback to 16.260 should be expected....
by Lara | Feb 2, 2017 | EEM, Public Analysis
In response to a member’s request here is an analysis of EEM. This market may not have sufficient volume for a reliable Elliott wave analysis. For that reason classic technical analysis is presented first and should be given more weight. The Elliott wave...
by Lara | Feb 1, 2017 | Gold |
A new low below 1,202.92 invalidated the alternate hourly Elliott wave count and added confidence to the main hourly Elliott wave count. Summary: The target for this next wave down to end is at 1,154. If a new high above 1,214.91 is seen, then expect some more upwards...