by Lara | Oct 5, 2016 | US Oil |
With price consolidating and the Elliott wave count in either a B or an X wave, classic technical analysis may be a better guide to what Oil may do next. Summary: Support and resistance suggest a downwards swing from about here to end only when price finds support...
by Lara | Oct 4, 2016 | Gold |
Downwards movement invalidated both Elliott wave counts and broke below support. Summary: Strong sharp movements are very commonly quickly reversed. How high the bounce goes may tell us which wave count is correct. A new high above 1,306.70 would add confidence to the...
by Lara | Oct 3, 2016 | Gold |
Downwards movement was unexpected for the main Elliott wave count and shifted probability to the alternate. Summary: One more day of downwards movement to a target at 1,302 is expected before this multi day pull back is complete. There is strong support at 1,310...
by Lara | Oct 1, 2016 | Gold |
Again, upwards movement was expected for Friday’s session. Price still remains above the invalidation point. Summary: Upwards movement is still expected as most likely and should show an increase in momentum and strong volume over the coming weeks. A new high...
by Lara | Sep 29, 2016 | Gold |
Upwards movement was expected for Thursday’s session. Price moved a little lower. Summary: Upwards movement is now expected and should show an increase in momentum and strong volume over the coming weeks. Corrections may now start to be more brief and shallow. A...
by Lara | Sep 28, 2016 | Gold |
Downwards movement to about 1,320.71 was expected for Wednesday’s session. Price moved lower to reach 1,318.02 for the session. Summary: Upwards movement is now expected and should show an increase in momentum and strong volume over the coming weeks. Corrections...
by Lara | Sep 28, 2016 | Silver |
Last week expected upwards movement for Silver. Price has turned downwards but remains above the invalidation point. Summary: This market may be offering a low risk high reward opportunity to join the upwards trend. Price has again come down to find support right at...
by Lara | Sep 28, 2016 | US Oil |
Last week’s classic technical analysis diverged from the Elliott wave count. Price has moved mostly sideways. Summary: This week both Elliott wave counts expect downwards movement for the next week, and volume supports this view. New updates to this analysis are...
by Lara | Sep 27, 2016 | Gold |
Upwards movement was expected for Tuesday’s session. This is not what happened. The hourly wave count was invalidated with a new low below 1,332.74. A multi day pullback has begun a day earlier than expected. Summary: This pullback may end in one more session...
