by Lara | Oct 27, 2015 | US Oil, US Oil Historical |
Downwards movement was expected. The session for 21st October provided confirmation of a trend change when it clearly breached the channel. Summary: Downwards movement should continue towards 26.86. The target may be met in another 44 days. New updates to this...
by Lara | Oct 26, 2015 | Gold |
Downwards movement was expected. Price moved lower, but slowly, to complete a small red doji. Summary: More downwards movement is likely at least for the short / mid term. The target is 1,142 to be met in one day, although now it looks like it may take a little...
by Lara | Oct 22, 2015 | Gold |
Again, upwards movement was expected but did not happen. Price moved slightly lower to make a new low just 1.2 below the prior day’s low and complete a small red doji. Summary: A new high above 1,174.51 is required to have confidence that upwards movement shall...
by Lara | Oct 21, 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 21, 2015 | NZDUSD |
Elliott wave and traditional technical analysis of NZDUSD. New updates to this analysis are in bold. ELLIOTT WAVE COUNT Click chart to enlarge. Primary 3 should end when RSI indicates oversold and most likely not before. Currently RSI has returned just above oversold....
by Lara | Oct 20, 2015 | Gold |
Upwards movement was expected. Price moved slightly lower first to invalidate the main hourly Elliott wave count and confirm the alternate, and then price moved higher to complete a green candlestick. Summary: Upwards movement should continue to the target which is...
by Lara | Oct 19, 2015 | US Oil, US Oil Historical |
Downwards movement for the week was expected for US Oil. Summary: Downwards movement is still expected, but a trend change is still not yet confirmed. It is important to wait for confirmation before having confidence in this wave count. A full daily candlestick below...
by Lara | Oct 16, 2015 | Gold |
Short term some sideways movement was allowed for and this is what is happening. The breakout direction is still expected to be the same for all wave counts. Summary: Short term I expect Monday to continue a sideways drift. When it is done price should breakout...
by Lara | Oct 15, 2015 | Gold |
More upwards movement was expected and price made a new high. All the Elliott wave counts remain mostly the same and expect exactly the same direction next. Summary: The target for upwards movement to be interrupted is still at 1,198. The final line of resistance is...
