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 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 […]
Yesterday’s short term target was at 1,212 for the end of a fifth wave. Downwards movement ended at 1,215.36, 3.36 short of the target. The structure looks complete.The wave count is unchanged from yesterday.Click on the charts below to enlarge.Gold is still within a large fourth wave correction at primary wave degree which is incomplete. It is unlikely that primary […]
Last analysis of US Oil expected more downwards movement towards a target at 87.82 to 88.72. Price has moved lower and the target has not been yet met, the structure is incomplete.Now there is more structure of this long downwards wave to analyse I am changing the wave count within it. Two fourth wave triangles indicate it is much closer […]
Last week’s analysis of US Oil expected more downwards movement towards a target at 88.83 to 87.82. Price has moved lower. The structure is incomplete and the target has not yet been reached. The wave count remains 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 […]
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, […]
