by Lara | Jan 25, 2017 | Gold |
A breach of the trend channel and a new low below 1,195.82 invalidated the main Elliott wave count and confirmed the alternate. Summary: A deeper pullback looks very likely to have begun. Short positions should be watched carefully because this may be a choppy...
by Lara | Jan 25, 2017 | EURUSD, Public Analysis
Last analysis of this pair was in July 2016. That analysis expected lower movement, which did happen in the long term, but the high was not seen until a few weeks later in August. ELLIOTT WAVE ANALYSIS MONTHLY CHART Click chart to enlarge. The bigger picture expects...
by Lara | Jan 24, 2017 | Gold |
A small downwards day remains above the invalidation point on the main hourly Elliott wave count. So far price continues to find support at the lower edge of the channel. Summary: The bottom line is still that it must be accepted there is no indication yet of an end...
by Lara | Jan 23, 2017 | US Oil |
Price has moved slightly higher for the week with a slightly higher high and a slightly higher low from the prior week. The Elliott wave count remains the same. Summary: Downwards movement is now expected to at least 28.61. The target is at 25.59. A new low below...
by Lara | Jan 23, 2017 | Gold |
A small upwards day has made a slight new high. Both Elliott wave counts remain the same. Summary: The bottom line is still that it must be accepted there is no indication yet of an end to this upwards wave while Gold remains within the channel and above the...
by Lara | Jan 21, 2017 | Gold |
Slightly higher movement from Gold for Friday’s session fits the main Elliott wave count. Price continues to bounce up off support at the lower trend line. Summary: The bottom line is still that it must be accepted there is no indication yet of an end to this...
by Lara | Jan 20, 2017 | Silver
The main Elliott wave count was confirmed when Silver made a new high above 17.220 and the alternate Elliott wave count was invalidated. There is only one Elliott wave count now left for Silver at this time. Summary: A deep correction may have begun now for Silver....
by Lara | Jan 19, 2017 | Gold |
Price moved lower and bounced up off the lower edge of the channel on the daily and hourly Elliott wave charts. This indicates the main hourly Elliott wave count remains more likely than the alternate. Summary: The bottom line is still that it must be accepted there...
by Lara | Jan 18, 2017 | Gold |
Price has moved lower and remains within the channel drawn on both the hourly and daily Elliott wave charts. Summary: The bottom line is still that it must be accepted there is no indication yet of an end to this upwards wave while Gold remains within the channel and...
