by Lara | Apr 12, 2016 | US Oil |
Last week’s analysis of US Oil expected a correction to continue, which looks like what is happening so far. Summary: A new high above 41.90 at any stage by any amount would confirm the main wave count and invalidate the alternate. It does not mean the next wave...
by Lara | Apr 10, 2016 | GDX, Public Analysis |
Upwards movement continued as expected for GDX. Summary: Downwards movement to 17.67 – 17.11 should complete a second wave correction. Thereafter, a big third wave up should begin. New updates to this analysis are in bold. MONTHLY ELLIOTT WAVE COUNT Click chart...
by Lara | Apr 9, 2016 | Gold |
A small inside day has not clarified which Elliott wave count is correct. Summary: Downwards movement is most likely but a trend change is unconfirmed. A new low below 1,217.22 would confirm an end to sideways movement and the resumption of the downwards trend. A new...
by Lara | Apr 7, 2016 | Gold |
The first hourly Elliott wave chart was invalidated with a new high above 1,236.56 confirming the second hourly Elliott wave count. The second wave count expected upwards movement to 1,244. So far price has reached 1,243.19. Summary: Upwards movement would most likely...
by Lara | Apr 7, 2016 | Silver |
Price moved slightly higher and then turned down exactly as the main Elliott wave count expected. The alternate Elliott wave count is invalidated. Summary: Overall downwards movement may end in a few days at about 14.514. When this second wave correction is complete,...
by Lara | Apr 6, 2016 | Gold |
The main Elliott wave count so far is playing out as expected. The main Elliott wave count expected a short swing down to about 1,215. Price moved lower and turned at 1,217.22. Summary: A little upwards movement to 1,230 would end a triangle. Thereafter, price should...
by Lara | Apr 5, 2016 | Gold |
The situation is still unclear. Three Elliott wave counts are presented today. Summary: Sideways movement is unconvincing as a C wave up. A break now above 1,236.56 would indicate more upwards movement as likely to above 1,275.24 and maybe as high as 1,302. A break...
by Lara | Apr 5, 2016 | US Oil |
Last week’s analysis of US Oil expected more downwards movement, which is what happened. Summary: Downwards movement is expected to continue for several weeks although it may not be in a straight line, a B wave upwards may yet unfold within it. How low downwards...
by Lara | Apr 4, 2016 | Gold |
The situation remains unclear. Price is range bound. Summary: Price remains range bound. A break above 1,230.82 would indicate more upwards movement to about 1,302 short term, before another downwards swing. Alternatively, a break below 1,208.33 would indicate more...
