by Lara | Oct 19, 2015 | US Oil, US Oil Historical |
Downwards movement for the week was expected for US Oil. Summary: Downwards movement is still expected, but a trend change is still not yet confirmed. It is important to wait for confirmation before having confidence in this wave count. A full daily candlestick below...
by Lara | Oct 19, 2015 | Gold |
Sideways movement was expected for Monday. Price has moved lower, not sideways, remaining just above the invalidation point on the hourly chart. Summary: Upwards movement is expected to 1,198 – 1,202. The target may be met in one to three days time. Overall, all...
by Lara | Oct 16, 2015 | Gold |
Short term some sideways movement was allowed for and this is what is happening. The breakout direction is still expected to be the same for all wave counts. Summary: Short term I expect Monday to continue a sideways drift. When it is done price should breakout...
by Lara | Oct 15, 2015 | Gold |
More upwards movement was expected and price made a new high. All the Elliott wave counts remain mostly the same and expect exactly the same direction next. Summary: The target for upwards movement to be interrupted is still at 1,198. The final line of resistance is...
by Lara | Oct 15, 2015 | Silver, Silver Historical |
Silver has been in a bear market since April 2011. Summary: The bear market must be assumed to remain intact while price remains within the bear market channel. From an Elliott wave perspective, there are still at least three possible wave counts for Silver at the...
by Lara | Oct 14, 2015 | Gold |
After a new high above 1,170.19 was made only two wave counts remained valid and both expected more upwards movement, which is what happened. The new high strongly favours the bull Elliott wave count. Summary: The target for upwards movement to be interrupted is...
by Lara | Oct 13, 2015 | Gold |
Sideways / downwards movement was expected for both Elliott wave counts. Price moved lower then retraced almost all of the loss to complete a hanging man candlestick pattern for the session. Summary: Both wave counts have problems and price has not yet finally...
by Lara | Oct 12, 2015 | US Oil, US Oil Historical |
Upwards movement to a target at 51.14 to 51.2 was expected. Price moved higher and so far has turned at 50.93 just short of the target zone. Summary: Downwards movement is expected as likely from here but is not yet confirmed. Only when price breaks below the lower...
by Lara | Oct 12, 2015 | Gold |
Both Elliott wave counts had a short term target at 1,165 for a little upwards movement for Monday. Price moved higher, reaching 1,169.15 before turning down for the session. Summary: The bear wave count must now substantially reduce in probability, so the bull wave...
