Last week’s US Oil analysis expected more downwards movement towards 89.83 for the end of a third wave. Price did not move lower. Instead, it has moved a little higher and sideways. The third wave was already over, and sideways and higher movement is the following fourth wave. Overall the wave count is not much changed on the daily chart. […]
Last week movement below 20.512 invalidated the main wave count and confirmed the alternate. At that stage the analysis for the alternate wave count expected a continuation of downwards movement. I have just the one wave count for you this week.Click on the charts below to enlarge.Minor wave B is an incomplete zigzag.Within minor wave B minute wave a subdivides […]
Last week’s analysis of Silver expected downward movement for a second wave correction which is exactly what has happened. With more of this structure now to analyse I can now calculate a target for it to end for you.Click on the charts below to enlarge.Intermediate wave (B) is unfolding as a simple zigzag. Minor wave A subdivides as a five, […]
