by Lara | Nov 19, 2015 | Silver, Silver Historical |
Last week it was stated the trend was down but a correction was expected to turn up, indicated by a green daily candlestick. Summary: A small correction against the downwards trend may have begun. The most likely target is the 0.382 Fibonacci ratio at 14.887....
by Lara | Nov 18, 2015 | Gold |
Yesterday’s alternate hourly Elliott wave count was confirmed with a slight new low. Thereafter, price is behaving as expected. Summary: This correction is longer lasting than originally anticipated. It is possible it may end in just one more day, but more...
by Lara | Nov 17, 2015 | US Oil, US Oil Historical |
Last analysis expected a third wave down was most likely underway. Further downwards movement fits the Elliott wave count perfectly so far. Summary: A third wave down is most likely still underway. It may unfold as a zigzag as it may be a third wave within a leading...
by Lara | Nov 15, 2015 | USD Index
I have only one bullish Elliott wave count for the USD Index. New updates to this analysis are in bold. Click chart to enlarge. The US Dollar has been in a bull market since July 2011. So far there is no confirmation of a trend change. The bull market should be...
by Lara | Nov 13, 2015 | Gold |
A small inside day leaves both Elliott wave counts valid. Summary: It is more likely that a second wave correction will unfold upwards from here to about 1,118 or 1,145 (less likely). This would be confirmed with a new high above 1,095.89. To see weekly charts click...
by Lara | Nov 12, 2015 | Gold |
A green candlestick or doji was expected for Thursday’s session but did not happen. The third hourly wave count was confirmed with a new low below 1,075.31. Summary: A new low below 1,074.27 would indicate a strong fifth wave down is underway. The target is at...
by Lara | Nov 12, 2015 | Silver, Silver Historical
Last week’s analysis had three Elliott wave counts. Since then one Elliott wave count has been invalidated. There are now only two Elliott wave counts. The situation is becoming clearer for Silver. Summary: The correction which was expected to turn up last week...
by Lara | Nov 11, 2015 | Gold |
Downwards movement to a slight new low still fits the Elliott wave count. Summary: On balance, I would expect one or maybe two more days of sideways movement. A green candlestick or doji for Thursday’s session is expected. There is a slim outside possibility...
by Lara | Nov 10, 2015 | US Oil, US Oil Historical |
Some more upwards movement to 48.09 – 49.35 was expected. Thereafter, the main Elliott wave count expected price to turn back down. Price moved higher to reach 48.36 and turned down from there. Summary: A third wave down is most likely underway. It may unfold as...
