by Lara | Sep 18, 2015 | Silver, Silver Historical
Silver has been in a bear market since April 2011. There is not enough technical confirmation of a change from bear to bull. For this reason I favour the third wave count which is bearish. But the first two wave counts are entirely possible. Price will tell us which...
by Lara | Sep 17, 2015 | Gold |
Both Elliott wave counts remain valid today. Summary: Upwards movement favours the bull Elliott wave count, but it is not enough to invalidate the bear Elliott wave count. I am changing the bear wave count slightly to see this upwards movement as minuette wave (ii),...
by Lara | Sep 16, 2015 | Gold |
Price still has not confirmed or invalidated either the bear wave count or the bull wave count. Summary: The bear wave count is close to even in probability with the bull wave count today. To the upside, a new high above 1,148.04 would see the bull wave count more...
by Lara | Sep 16, 2015 | US Oil, US Oil Historical |
The Elliott wave structure looks incomplete. Summary: US Oil remains in a correction. I expect some more upwards movement before it is done. Changes and additions to last analysis are bold. MONTHLY ELLIOTT WAVE COUNT Click chart to enlarge. This wave count sees US Oil...
by Lara | Sep 15, 2015 | Gold |
A small red candlestick on light volume indicates a correction unfolded during Tuesday’s session. Price still has not clarified the situation, and both bull and bear Elliott wave counts remain valid. Summary: The bear wave count expects downwards movement to...
by Lara | Sep 14, 2015 | Gold |
The Elliott wave counts still diverge and price has still not indicated which one is correct. Summary: The bear wave count expects downwards movement to continue, with an increase in momentum, and the bull wave count expects upwards movement. The critical trend line...
by Lara | Sep 11, 2015 | Gold, Gold Historical |
Both Elliott wave counts expected more downwards movement for Friday, which is what happened. Now is when the bull and bear wave counts diverge, and next week price may provide clarity. Summary: For next week, the bear wave count expects downwards movement to...
by Lara | Sep 10, 2015 | Gold |
Yesterday two scenarios were presented on the hourly charts for the short term. The second less likely scenario has played out. Both Elliott wave counts expect the same direction next. Summary: Both wave counts will expect downwards movement to resume. In the short...
by Lara | Sep 9, 2015 | Gold |
Downwards movement unfolded as expected for both Elliott wave counts. Confirmation that a small correction was over came with a break below the short trend line on the hourly chart, and final confirmation with a new low below 1,116.02. Summary: Markets rarely move in...
