by Lara | Apr 7, 2016 | Gold |
The first hourly Elliott wave chart was invalidated with a new high above 1,236.56 confirming the second hourly Elliott wave count. The second wave count expected upwards movement to 1,244. So far price has reached 1,243.19. Summary: Upwards movement would most likely...
by Lara | Apr 7, 2016 | Silver |
Price moved slightly higher and then turned down exactly as the main Elliott wave count expected. The alternate Elliott wave count is invalidated. Summary: Overall downwards movement may end in a few days at about 14.514. When this second wave correction is complete,...
by Lara | Apr 6, 2016 | Gold |
The main Elliott wave count so far is playing out as expected. The main Elliott wave count expected a short swing down to about 1,215. Price moved lower and turned at 1,217.22. Summary: A little upwards movement to 1,230 would end a triangle. Thereafter, price should...
by Lara | Apr 5, 2016 | Gold |
The situation is still unclear. Three Elliott wave counts are presented today. Summary: Sideways movement is unconvincing as a C wave up. A break now above 1,236.56 would indicate more upwards movement as likely to above 1,275.24 and maybe as high as 1,302. A break...
by Lara | Apr 5, 2016 | US Oil |
Last week’s analysis of US Oil expected more downwards movement, which is what happened. Summary: Downwards movement is expected to continue for several weeks although it may not be in a straight line, a B wave upwards may yet unfold within it. How low downwards...
by Lara | Apr 4, 2016 | Gold |
The situation remains unclear. Price is range bound. Summary: Price remains range bound. A break above 1,230.82 would indicate more upwards movement to about 1,302 short term, before another downwards swing. Alternatively, a break below 1,208.33 would indicate more...
by Lara | Mar 31, 2016 | Silver
Last week both Elliott wave counts expected at least a little downwards movement. This is what happened. Summary: A little upwards movement should unfold short term. A new high above 16.132 would invalidate the main wave count and confirm the alternate. If that...
by Lara | Mar 29, 2016 | US Oil |
Again, last week’s analysis of US Oil expected downwards movement for both the main and alternate Elliott wave counts. This is what happened. Summary: Downwards movement is expected to continue for several weeks. How low downwards movement goes may indicate...
by Lara | Mar 23, 2016 | Silver
Last week’s analysis again expected upwards movement. This is how the week began, but today price has moved strongly lower retracing the gains of the last five days. Summary: A larger second wave correction has most likely arrived. It may last a few weeks and...
