by Lara | Dec 10, 2014 | Gold |
A small red candlestick on the daily Elliott wave chart changes the wave count at the hourly chart level. The overall mid term target remains the same, and the trend is still upwards. Summary: This sideways movement is most likely very close to completion. Overall the...
by Lara | Dec 9, 2014 | NZDUSD |
Elliott Wave analysis of NZDUSD: Click on charts to enlarge.
by Lara | Dec 9, 2014 | Gold |
A new high above 1,213.45 confirmed the main hourly Elliott wave count and invalidated the alternate. The short term target at 1,235 has been exceeded by 3.38 so far, but the structure is incomplete. The target was too low. The higher mid term target remains the same....
by Lara | Dec 8, 2014 | Gold |
Both the main and alternate hourly Elliott wave counts remain valid. Both expected Monday to begin with upwards movement which has happened. The confirmation / invalidation point to the downside can now be raised. Summary: If the main wave count is correct it should...
by Lara | Dec 6, 2014 | Silver |
Charts only this week. Click on charts to enlarge. Main Wave Count At 18.430 minute wave c would reach 1.618 the length of minute wave a. Alternate Wave Count This is possible but unlikely. Minor wave 2 is too brief and shallow to have the “right...
by Lara | Dec 6, 2014 | Gold |
The correction may have ended 4.46 below the expected low. The Elliott wave count remains the same. Summary: There are two possible scenarios for Monday: either a short sharp upwards thrust to 1,235 (which would be confirmed with a new high above 1,213.45), or one...
by Lara | Dec 3, 2014 | Gold |
Sideways movement was allowed for, and expected as about 50% likely. This slightly clarifies the situation for the short term. Summary: The trend at minor degree is up. At this stage I expect sideways choppy movement for another 24 hours before the next strong upwards...
by Lara | Dec 2, 2014 | Gold |
I had expected a little more upwards movement to complete a first wave, and thereafter a second wave to begin downwards. The first wave was actually complete at last analysis, and this red candlestick on the daily chart is the second wave which follows it. Summary: A...
by Lara | Dec 2, 2014 | Silver |
Downwards movement invalidated both daily Elliott wave counts, published two days ago. This Elliott wave count is updated and still expects upwards movement. Click on chart to enlarge. At 18.430 minute wave iii would reach 2.618 the length of minute wave i. This is...
