Last analysis looked for the arrival of a second wave correction. The correction was indicated when the channel on the hourly chart was breached. The correction is most likely incomplete. I am now expecting price to move higher to a short term target at 101.76 to 102.21 before a resumption of the downwards trend.Click on charts to enlarge.The daily chart […]
Last analysis of AAPL on 4th March, expected more downwards movement in a three wave structure. Price has moved sideways. This is wave B of the three wave structure.Within the bigger picture this wave count sees AAPL in a super cycle zigzag correction which is just over two thirds completed.Within the zigzag cycle wave b ended at 571.88 with a […]
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 expected Silver to continue upwards which is what has happened. The channel on the daily chart was clearly breached on 9th February providing final trend channel confirmation that Silver has turned upwards.Click on the charts below to enlarge.I expect that Silver is in an upwards trend which should last several weeks to a couple of months or so. […]
Stock Market Emotions Vs Reasonable Bearish ArgumentStock-Markets / Stock Markets 2014Jan 15, 2014 – 02:25 PM GMTBy: Anthony_Cherniawski
I am certain that you have already read some blog (or two) calling for the market to go higher. So be it. Here is the bearish argument. Not very many analysts look for a Triangle Wave (b). […]
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 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 expected an end to a fourth wave correction within one or two days, to be followed by more downwards movement for a fifth wave.There is now a clear five down on the daily chart. Upwards movement has breached a channel containing this impulse, and a second wave correction has begun.Click on the charts below to enlarge.The bigger […]
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’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, […]
