by Lara | Jul 31, 2014 | Gold |
Thanks to Jaf for pointing this error out to me. The first alternate hourly wave count has an error in the analysis of minuette wave (e). It makes a slight difference to the target calculation. Within that zigzag subminuette wave a ends higher, so at 1,305 subminuette...
by Lara | Jul 30, 2014 | Gold |
The downwards target for this correction to end was almost met, with downwards movement just 0.83 short of the target. Thereafter, price has turned up a little. I have a new and better alternate Elliott wave count for you today. Summary: The main wave count has a...
by Lara | Jul 29, 2014 | Gold |
Upwards movement was expected. A new high was made, but thereafter price has moved lower to complete a red candlestick for Tuesday’s session. Summary: Downwards movement should be a second wave correction. When it is complete the upwards trend should resume with...
by Lara | Jul 28, 2014 | Gold |
Upwards movement was expected for Monday. A new high was made and thereafter price has moved sideways. The Elliott wave structure is incomplete. I am changing the alternate wave count today. Both wave counts expect the same direction next. Summary: I am confident that...
by Lara | Jul 27, 2014 | Silver |
Last Elliott wave analysis expected at least some more downwards movement from Silver for both the main and alternate wave counts. Price has moved lower as expected and now the wave counts diverge. Click on charts to enlarge. Downwards movement subdivides so far as an...
by Lara | Jul 26, 2014 | Gold
Upwards movement was expected for Friday. Although the target is close by and the structure is incomplete, I am changing the wave count. Summary: Monday should see more upwards movement to a target at 1,340. Movement above 1,324.73 will confirm the main wave count and...
by Lara | Jul 24, 2014 | Gold
Movement below 1,292.25 has clarified the situation for the short term. The main hourly Elliott wave count was judged to have about a 60% probability, but was invalidated. The less likely hourly alternate is now the main count, and I still have an alternate daily...
by Lara | Jul 24, 2014 | GDX |
I am swapping over my main and alternate wave counts. The new main wave count has a much better fit and makes more sense. Both expect some downwards movement from here. Charts only tonight. Click charts to enlarge. Main Wave Count. Alternate Wave Count. Minute wave c...
by Lara | Jul 23, 2014 | Gold |
Again, more sideways movement is not enough to provide us with clarity. The main Elliott wave count still has about a 60% probability. Summary: Upwards movement towards 1,350 is most likely. This would be confirmed with a break above 1,324.73. A break below 1,292.25...
