by Lara | Mar 2, 2017 | Silver |
Last week expected a pullback for Silver. Price moved higher for three days. Thereafter, it has turned down strongly. Summary: A deeper pullback has most likely begun. The target is about 16.666. A breach of the channel on the main daily chart would add confidence to...
by Lara | Feb 27, 2017 | US Oil |
This consolidation has now lasted for about 12 weeks. The breakout should come soon now. Volume and On Balance Volume are giving strong signals as to which direction the breakout is most likely to be. Members are offered some advice on how to approach this market this...
by Lara | Feb 27, 2017 | Gold |
More upwards movement continued to start the new week as the main Elliott wave count expected. Summary: Use the channel on the second hourly chart and the channel on the alternate hourly chart. Assume the upwards trend remains the same while price remains within the...
by Lara | Feb 25, 2017 | Gold |
Upwards movement continued for Friday as the main wave count expected. Summary: Assume the trend remains the same until proven otherwise. The target for the middle of a third wave to end is at 1,296. If price turns and breaks below 1,238.74, then the breakout was...
by Lara | Feb 23, 2017 | Gold |
An upwards day with some increase in volume has broken above resistance. The main Elliott wave count was invalidated and the alternate Elliott wave count was confirmed. Summary: An upwards breakout has some support from volume, but there is enough concern that it may...
by Lara | Feb 23, 2017 | Silver
Last week expected a pullback for Silver. Price has so far for the week moved sideways, with a lower high and a lower low. Summary: A deeper pullback is possible here. If price breaks below the lower edge of the base channel on the alternate daily chart, then expect a...
by Lara | Feb 21, 2017 | Gold |
Gold is still range bound. Classic analysis, with a heavy reliance on volume analysis, is used to determine probability of the main versus alternate Elliott wave counts today. Summary: Gold has now been range bound for nine sessions. Resistance is at 1,245 and support...
by Lara | Feb 20, 2017 | US Oil
Price is still range bound. On Balance Volume is giving a strong signal about what direction price will break out. Summary: A new high above 55.24 would indicate an upwards breakout, and the target would be 58.81. A new low below 51.22 would indicate a downwards...
by Lara | Feb 16, 2017 | Silver |
Last week again expected upwards movement for Silver, which is again what has happened. Summary: Look for support for a pullback here at the lower edge of the blue base channel on the daily chart. If price again comes down to touch that line, use it as an opportunity...
