by Lara | Jul 8, 2015 | Gold |
Yesterday’s hourly Elliott wave chart expected an impulse down to end and be followed by another second wave correction to find resistance at the upper edge of a channel. This is what happened, with the exception of a small fourth wave not moving higher first....
by Lara | Jul 6, 2015 | Gold |
Upwards movement was expected for Monday, which is what happened. Summary: It looks like upwards movement may be over for now: a second wave correction looks complete and today’s volume spike indicates the end of this correction. A third wave down may be ready...
by Lara | Jul 2, 2015 | Gold |
A little upwards movement was expected to 1,180 before more downwards movement, but this is not what happened. At the daily chart level, a new low below 1,162.80 strongly favours the bear Elliott wave count. Summary: It is increasingly likely that the trend is down....
by Lara | Jun 29, 2015 | Gold |
Upwards movement to at least a little above 1,178.78 was expected for both Elliott wave counts. Targets were either 1,181 or 1,186 – 1,188. Price moved higher as expected to reach up to just 0.16 above the second target. Summary: It is most likely that downwards...
by Lara | Jun 28, 2015 | Silver, Silver Historical
In line with Gold analysis, I have a bull and a bear Elliott wave count for Silver. Price will tell us which one is correct, but before that happens structure and volume will indicate which is more likely. Bull Wave Count Click chart to enlarge. If cycle wave a is...
by Lara | Jun 28, 2015 | US Oil, US Oil Historical |
The channel about intermediate wave (C) is finally breached. Summary: I am expecting a fifth wave down. Typical of commodities, this may be swift and strong and may offer an excellent trading opportunity. I am looking for an entry point to hold a trade for weeks /...
by Lara | Jun 25, 2015 | Gold |
A channel breach on the hourly bull Elliott wave count indicated a small correction may have arrived. Summary: Friday should see a little upwards movement most likely to end about 1,188. Thereafter, another five down should begin. If it makes a new low below 1,162.80,...
by Lara | Jun 23, 2015 | Gold |
Both Elliott wave counts expected more downwards movement. Price fell 4.35 short of the short term target on the hourly bear Elliott wave count. Summary: A little upwards movement should now unfold for both bull and bear wave counts. Upwards movement for the bear wave...
by Lara | Jun 18, 2015 | Gold |
Again upwards movement was unexpected for the bear Elliott wave count, but for the bull Elliott wave count the target was met. Summary: Both bull and bear wave counts expect downwards movement from here. The bear wave count expects the middle of a third wave down to...
