by Lara | Oct 30, 2017 | US Oil |
A classic upwards breakout was seen two days ago. The main Elliott wave count is changed. The alternate Elliott wave count remains the same. Summary: Look for upwards movement to continue now until about 61.42. For the very short term, look for price to curve back...
by Lara | Oct 30, 2017 | Gold |
Both Elliott wave counts were expecting upwards movement to begin the new trading week, which is so far what has happened. There is an important signal from On Balance Volume today, but it is strongly contradicted by volume for Monday’s session. Summary: While...
by Lara | Oct 27, 2017 | Gold |
Price has remained above 1,260.72 and so far has bounced up a little. Price remains within the channel on the hourly charts, so no trend change is yet indicated. Summary: While price remains above 1,260.72, this downwards movement could still be a second wave...
by Lara | Oct 27, 2017 | Silver
Price has moved lower for the week as a pullback continues. The Elliott wave counts now diverge. Summary: Silver is in a large consolidation and the situation is very unclear. Volume suggests an upwards breakout may be more likely, which favours the first Elliott wave...
by Lara | Oct 26, 2017 | Gold |
Price continued lower changing the Elliott wave count for the short term. Hourly charts today will show all movement from the last swing high on the 16th of October. Summary: While price remains above 1,260.72, this downwards movement could still be a second wave...
by Lara | Oct 25, 2017 | Gold |
Upwards movement was expected after last analysis, which so far is what is happening. Summary: A consolidation for a B wave should complete this week. Short term upwards movement should reach a minimum of 1,302.74. Thereafter, a downwards swing should unfold. For the...
by Lara | Oct 24, 2017 | Gold |
A slight new low in the last few hours changes the Elliott wave count for the short term, but not the mid or long term. This is still expected to be a B wave, which exhibits the greatest variety in structure and price behaviour. Summary: A consolidation for a B wave...
by Lara | Oct 23, 2017 | US Oil |
A very small range weekly candlestick has moved price sideways and very slightly higher. Summary: A downwards breakout is still expected. Expect resistance about 52.90 and support about 49.10. The target for the next wave down is at 15.38 or 13.00. This target is some...
by Lara | Oct 23, 2017 | Gold |
With an invalidation of the main hourly Elliott wave count below 1,276.10, the alternate hourly Elliott wave count now has confidence. Summary: A consolidation for a B wave should complete this week. Short term upwards movement should reach a minimum of 1,302.74....
