by Lara | Sep 21, 2015 | US Oil, US Oil Historical |
The Elliott wave structure still looks incomplete. A target may now be calculated for the end of it. Summary: I expect upwards movement from US Oil this week to a target at 51.20 to 51.40. This target may be met in two days time. Thereafter, the downwards trend may...
by Lara | Sep 18, 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 17, 2015 | Gold |
Both Elliott wave counts remain valid today. Summary: Upwards movement favours the bull Elliott wave count, but it is not enough to invalidate the bear Elliott wave count. I am changing the bear wave count slightly to see this upwards movement as minuette wave (ii),...
by Lara | Sep 16, 2015 | Gold |
Price still has not confirmed or invalidated either the bear wave count or the bull wave count. Summary: The bear wave count is close to even in probability with the bull wave count today. To the upside, a new high above 1,148.04 would see the bull wave count more...
by Lara | Sep 16, 2015 | US Oil, US Oil Historical |
The Elliott wave structure looks incomplete. Summary: US Oil remains in a correction. I expect some more upwards movement before it is done. Changes and additions to last analysis are bold. MONTHLY ELLIOTT WAVE COUNT Click chart to enlarge. This wave count sees US Oil...
by Lara | Sep 11, 2015 | Gold, Gold Historical |
Both Elliott wave counts expected more downwards movement for Friday, which is what happened. Now is when the bull and bear wave counts diverge, and next week price may provide clarity. Summary: For next week, the bear wave count expects downwards movement to...
by Lara | Sep 9, 2015 | Gold |
Downwards movement unfolded as expected for both Elliott wave counts. Confirmation that a small correction was over came with a break below the short trend line on the hourly chart, and final confirmation with a new low below 1,116.02. Summary: Markets rarely move in...
by Lara | Sep 4, 2015 | Gold |
A slight new low and a small red candlestick fit both Elliott wave counts. Regular technical analysis also expected more downwards movement for Friday. Summary: Downwards movement should continue to 1,096 for the bull wave count or 1,063 for the bear wave count. On...
by Lara | Sep 2, 2015 | NZDUSD
Elliott wave and traditional technical analysis of NZDUSD. ELLIOTT WAVE COUNT Primary 3 should end when RSI indicates oversold and most likely not before. My concern for any sell on NZDUSD at this time is RSI is indicating slightly oversold. This needs to be resolved...
