by Lara | Jul 17, 2014 | Gold |
I had expected one more downwards wave to complete the structure. This is not what happened. Upwards movement does remain below the invalidation point on the hourly chart, but the channel is so significantly breached now that wave count no longer looks right. Summary:...
by Lara | Jul 17, 2014 | Silver |
Click on charts to enlarge. Main Wave Count. Alternate Wave Count. This alternate fits better with Gold and GDX.
by Lara | Jul 17, 2014 | GDX |
Downwards movement invalidated the alternate wave count and confirmed the main wave count. The main wave count expects downwards movement from here to about 23.10 to 22.81 in about four weeks time. However, I have a new alternate to consider today which has an...
by Lara | Jul 16, 2014 | Gold |
Sideways movement has slightly breached the invalidation point on the hourly chart. The Elliott wave count at the hourly chart level is adjusted, but the target remains mostly the same. Summary: One more downwards wave is required to complete this structure. The...
by Lara | Jul 16, 2014 | US Oil, US Oil Historical |
Movement below 104.51 confirmed the main wave count and invalidated the alternate wave count. The trend is down at cycle degree. Summary: The target remains at 74.53 and this target may be still a few weeks away. A short term target is at 98.90 and may be met in about...
by Lara | Jul 16, 2014 | Gold
Downwards movement was expected for both Elliott wave counts. The main and alternate Elliott wave counts remain mostly the same and still expect downwards movement should continue. Summary: Downwards movement should continue to at least 1,280. If the lower black...
by Lara | Jul 11, 2014 | Gold |
Movement above 1,332.49 invalidated the first two hourly wave counts leaving only one hourly wave count, the third. At that stage the analysis expected more upwards movement to end between 1,333.61 to 1,343.10. Upwards movement has reached 1,345.22. Summary: Upwards...
by Lara | Jul 10, 2014 | GDX |
Click here to see prior Elliott wave GDX analysis for a full write up. Click charts to enlarge. Alternate Wave Count.
by Lara | Jul 10, 2014 | Silver, Silver Historical |
Click on charts to enlarge. Main Wave Count. Alternate Wave Count. The triangle is starting to look strange because the overshoot of the A-C trend line for minor wave E looks too big. Therefore, I have the alternate idea below. The end of minor wave B, the ending...
