by Lara | Oct 6, 2015 | US Oil, US Oil Historical |
The triangle completed sideways and was followed by upwards movement, as expected. The target is recalculated today. Summary: I expect a zigzag is completing upwards. The target is at 51.14 to 51.2. If it is met in three days time, the correction would last a...
by Lara | Oct 2, 2015 | Gold |
An upwards correction was expected as likely to have begun, and this was confirmed when the small channel on the hourly chart was breached. Two targets were provided: 1,128 or 1,139. Price reached up to 1,141. Summary: Next week both wave counts expect downwards...
by Lara | Oct 1, 2015 | Gold |
A small red doji candlestick fits both Elliott wave counts nicely, for the short term. Summary: Both Elliott wave counts expect a small consolidation has begun. However, we do not have confirmation at the hourly chart level yet. Only a breach of the channel on the...
by Lara | Sep 30, 2015 | Silver, Silver Historical
Silver has been in a bear market since April 2011. There is not enough technical confirmation of a change from bear to bull. For this reason I favour the third wave count which is bearish. But the first two wave counts are entirely possible. Price will tell us which...
by Lara | Sep 30, 2015 | Gold |
Both Elliott wave counts expected a small consolidation to begin and to last for one to three days. This is not what happened. Price moved lower. Summary: Both Elliott wave counts still expect a consolidation to show up which should last one to three days. The...
by Lara | Sep 29, 2015 | US Oil, US Oil Historical |
Upwards movement was expected for the last week but did not happen. Price has moved sideways, in a decreasing range, to continue a B wave triangle. Summary: When the triangle is complete a short wave up should unfold to complete this second wave correction. The target...
by Lara | Sep 28, 2015 | Gold |
Both Elliott wave counts expected overall downwards movement to begin the new week. Summary: The bear wave count expects downwards movement to about 1,121 to complete a five wave impulse, to be followed by a three wave correction upwards which may not move above...
by Lara | Sep 25, 2015 | Gold |
Last analysis expected a red candlestick for Friday, which is what happened. Both bull and bear Elliott wave counts remain valid. Summary: The bear wave count now expects a third wave down is developing. The bull wave count expects a B wave down. A new low below...
by Lara | Sep 25, 2015 | USD Index |
I have only one bullish Elliott wave count for the USD Index. 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 assumed to remain intact until proven otherwise....
