by Lara | Mar 8, 2014 | GDX |
The data for this market has many gaps, and the structures are not entirely typical looking Elliott wave structures. Although there are some Fibonacci ratios, they are not as prevalent as ratios within Gold. I am only able to import daily data, and I cannot check...
by Lara | Mar 8, 2014 | Gold
Downwards movement has invalidated one of the three wave counts. The other two are still viable (with some adjustment). I now have a clear price point which will differentiate the two wave counts for next week, and I now judge one to have a higher probability than the...
by Lara | Mar 6, 2014 | Gold |
Upwards movement remains below the invalidation point for the first wave count. Both wave counts remain valid and both remain mostly the same. I do have a new third wave count for you today. Every technical analysis method has its periods of uncertainty. Elliott wave...
by Lara | Mar 6, 2014 | Silver |
Last analysis expected a three wave movement upwards for an X wave which is exactly what happened. The structure of the current correction is incomplete. I would expect overall another six days minimum of choppy overlapping movement. Click on charts to enlarge. Minute...
by Lara | Mar 5, 2014 | Gold |
Price has moved very slightly higher in a mostly sideways day. Both wave counts remain valid and both remain the same. Summary: The situation is unclear. While price remains within the green channel on the daily chart we should assume that the trend remains the same,...
by Lara | Mar 4, 2014 | Gold |
Movement below 1,342.57 invalidated the main hourly wave count and confirmed the alternate. At that stage the short term target for downwards movement was 1,335. So far price has reached down to 1,331.43. The strong red candlestick on the daily chart must be taken...
by Lara | Mar 3, 2014 | Gold
Movement above 1,333.02 invalidated the hourly wave count. Upwards movement was not expected for Monday’s session. The wave count is changed. Summary: Minor wave A is continuing higher. The target at 1,377 – 1,380 may be met within two days. This analysis...
by Lara | Feb 28, 2014 | Gold |
Yesterday’s price movement completed a small green doji. Thereafter price has turned lower to breach the green parallel channel on the hourly chart. This was expected for the main wave count and was required for confidence in a trend change. The green channel is...
by Lara | Feb 27, 2014 | Gold |
Yesterday’s analysis expected overall downwards movement. A small second wave correction on the main hourly chart was assumed to be incomplete, and price moved higher to complete this. Price thereafter turned lower to create a small red candlestick for the day....
