by Lara | Feb 5, 2014 | Gold
Upwards movement was expected from the main hourly wave count which was strongly favoured. The downwards correction which followed it is finding support about the lower edge of the trend channel. Summary: I expect a little more downwards movement to complete a second...
by Lara | Feb 5, 2014 | US Oil
Last analysis of US Oil expected that upwards movement was over for now and that downwards movement should resume. Price has moved slightly higher before turning lower. Price remains below the invalidation point. Click on the charts below to enlarge. Minor wave 3 has...
by Lara | Feb 4, 2014 | Gold |
Price has moved sideways in a small range for Tuesday’s session, which fits the alternate hourly wave count perfectly and will now be my main wave count which I strongly favour. Summary: Minute wave b is very likely to be over as a triangle. The upwards breakout...
by Lara | Feb 3, 2014 | Gold
I had expected price to move lower for Monday but this is not what happened. Upwards movement breached the invalidation point on the hourly wave count. The wave count remains the same. Summary: It is still likely we shall see movement below 1,231.69. If price moves...
by Lara | Feb 1, 2014 | Gold
More downwards movement was expected for Friday. Price moved sideways completing a doji candlestick on the daily chart and the invalidation point on the hourly chart was not breached. The wave count remains the same. Summary: Downwards movement is still not over. The...
by Lara | Jan 30, 2014 | Gold |
I expected downwards movement for Thursday’s session which is what happened. The short and mid term targets have not yet been met and remain the same. Summary: A third wave is underway and may have just passed the middle. The short term target remains at 1,224...
by Lara | Jan 30, 2014 | Silver |
At the daily chart level it looks like minute wave ii is incomplete and found resistance at the upper edge of the channel. I would expect a little more downwards movement overall to complete an ending contracting diagonal, which should be followed by overall upwards...
by Lara | Jan 29, 2014 | Gold |
Yesterday’s analysis expected more downwards movement which is not what happened. Movement above 1,261.92 invalidated the hourly wave counts. Summary: The hourly wave count which expects more downwards movement for a few days still has the highest probability of...
by Lara | Jan 29, 2014 | US Oil
Last analysis of US Oil on 17th December, 2013 expected more upwards movement towards a target at 103.21 to 104.42. Price moved higher as expected, but fell short of the target reaching only to 100.76. The wave count remains the same. Click on the charts below to...
