Last analysis expected a three wave movement upwards for an X wave which is exactly what happened. The structure of the current correction is incomplete. I would expect overall another six days minimum of choppy overlapping movement.Click on charts to enlarge.Minute wave iv may be unfolding as a double combination in order to show structural alternation with minute wave ii. […]
Last analysis on 11th February expected overall upwards movement towards a target at 105.80.Price has moved higher as expected, with sideways corrections along the way. The target has not yet been reached and the structure is incomplete. I am expecting more upwards movement.I can now calculate the target at two wave degrees so it has widened to a small zone.Click […]
Last analysis of Silver expected more upwards movement which is what we have seen. The short term target at 20.415 for the end of a third wave was almost met, and the third wave ended just 0.047 short of the target.The wave count remains mostly the same. I will adjust the degree of labeling within the most recent movement and […]
SILVER Elliott Wave Technical Analysis – 10th January, 2014 By: Lara Iriarte | Sat, Jan 11, 2014 SharePrintEmailLast analysis of Silver on 31st December, 2013 expected a trend change and
upwards movement. This is exactly what has happened so far. If price moves
above 20.489 the new upwards trend would be confirmed.The wave count remains the same.Larger
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Last analysis of Silver on 31st December, 2013 expected a trend change and upwards movement. This is exactly what has happened so far. If price moves above 20.489 the new upwards trend would be confirmed.The wave count remains the same.Click on the charts below to enlarge.Minor wave B is now a complete zigzag, which is within a bigger zigzag trending […]
Last analysis of Silver expected more downwards movement towards a target at 18.999. Downwards movement continued, reaching 18.585, 0.414 below the target.The wave count remains the same.Click on the charts below to enlarge.Minor wave B is now a complete zigzag, which is within a bigger zigzag trending upwards one degree higher for intermediate wave (B).Within minor wave B minute wave […]
Last analysis expected a fourth wave correction may have been complete. A trend channel was provided for confirmation. We did not get confirmation and price moved higher, remaining just below the invalidation point.The wave count is mostly the same.Click on the charts below to enlarge.Gold is still within a large fourth wave correction at primary wave degree which is incomplete. […]
Last analysis of Silver expected downwards movement towards a mid term target at 18.999. Price has moved lower. The target has not yet been reached, and the structure is incomplete. The target remains the same.Click on the charts below to enlarge.Minor wave B is an almost complete zigzag, which is within a bigger zigzag trending upwards one degree higher […]
Last analysis expected more downwards movement towards a short term target at 96.49. Downwards movement reached 96.21. Price turned upwards from there.The wave count is the same.Click on the charts below to enlarge.The bigger picture sees US Oil in a new downwards trend to last from one to several years. There is now a clear five wave structure downwards on […]
Last week’s analysis of Silver expected more downwards movement towards a target at 18.591 to 18.353. Price did move lower but has failed to reach the target. Downwards movement may have ended at 19.595, 1.004 short of the target zone.The wave count remains mostly the same.Click on the charts below to enlarge.Minor wave B is now a complete zigzag.Within minor […]
