by Lara | Jun 25, 2018 | Lara's Weekly, Silver
More downwards movement was expected for last week, which is exactly what happened for Silver. The weekly candlestick closed red, with a lower low and a lower high. Summary: Silver has been coiling for about a year now. Volume suggests a downwards breakout may be more...
by Lara | Jun 18, 2018 | Lara's Weekly, Silver
Another upwards week fits the main Elliott wave count. Price moved very strongly lower on Friday but remains above the Elliott wave invalidation point. Summary: Expect more downwards movement for the short term. Support is strong at the lower edge of the base channel...
by Lara | Jun 4, 2018 | Lara's Weekly, Silver
An inside week does not change the overall analysis. For the short term, On Balance Volume suggests what may happen early this week. Summary: The target is at 19.593 or 20.395. Volume and On Balance Volume are both bullish. An upwards breakout from a consolidation...
by Lara | May 20, 2018 | Lara's Weekly, Silver
Silver remains range bound. All Elliott wave counts remain valid. Summary: The target is at 19.593 or 20.395. An upwards trend is expected to develop. Use pullbacks as opportunities to join the trend. Always trade with stops, and invest only 1-5% of equity on any one...
by Lara | May 6, 2018 | Lara's Weekly, Silver
An upwards week was expected from last analysis. The week began with a move lower, which hit support, and then bounced strongly from there to complete a long legged doji candlestick. Summary: At the daily chart level, weakness in the last two upwards days suggests a...
by Lara | Apr 29, 2018 | Lara's Weekly, Silver |
The upwards breakout noted last week has turned out to be false. Price is back within the consolidation zone. Summary: There is more support from volume for upwards movement. Look out for another upwards breakout next week. A new high now above 17.331 would offer...
by Lara | Apr 21, 2018 | Lara's Weekly, Silver |
For the short term, a downwards swing within a consolidation was expected and overall an upwards breakout looked more likely thereafter. The upwards breakout has come sooner than expected. Summary: Wednesday was a classic upwards breakout above resistance with support...
by Lara | Apr 7, 2018 | Lara's Weekly, Silver
A bounce was again expected, but price continues to move overall sideways. Summary: Look for a bounce to continue to reach above 16.961. The bounce may slightly overshoot resistance to end about 17.109. Thereafter, a new big downwards trend may develop. A new high...
by Lara | Mar 30, 2018 | Silver |
A bounce was expected to continue. Price began the week to make new highs and thereafter a pullback has remained above the short term invalidation point. Summary: Look for a bounce to continue to reach above 16.961. The bounce may slightly overshoot resistance to end...
