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...
by Lara | Oct 9, 2015 | Gold |
Upwards movement invalidated the bear Elliott wave count and confirmed the bull. With some adjustment, the bear Elliott wave count is still valid and will only be discarded when the channel containing this bear market is breached. The bear wave count will remain...
by Lara | Oct 8, 2015 | Gold |
Downwards movement was expected for the bear Elliott wave count and this is what has happened. So far both Elliott wave counts remain valid. Summary: The short term target for a third wave for the bear is 1,106. This may be met next week. The short term target for the...
by Lara | Oct 7, 2015 | Silver, Silver Historical
Silver has been in a bear market since April 2011. Summary: There is still not enough confirmation of a trend change for Silver from bear to bull. With some adjustment, the third bearish wave count is still viable. The bear market must be assumed to remain intact...
by Lara | Oct 7, 2015 | Gold |
Downwards movement was expected. Price first moved higher but remained below the invalidation point for the bear Elliott wave count. Price then turned lower to complete a small red candlestick. Summary: I expect downwards movement from here for the bear wave count for...
