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US OIL Elliott Wave Technical Analysis – 28th May, 2013

Last analysis had two wave counts. They both remain valid. Price has remained below the invalidation point at 100.43. Click on the charts below to enlarge. This wave count sees US Oil in a third wave downwards at intermediate degree, within a primary wave C down....

GOLD Elliott Wave Technical Analysis – 22nd May, 2013

Last week’s analysis had a short term target on the hourly chart at 1,357 for micro wave 3. Price fell short of this target by 12.78 before a small fourth wave correction, then continued lower to complete a fifth wave. The following fourth wave correction has...

US OIL Elliott Wave Technical Analysis – 21st May, 2013

This deeper than expected upwards movement has indicated the prior wave count may be incorrect, although the daily chart remained valid. I have taken another look at the bigger picture. I expect this upwards movement may be part of a larger second wave correction....

AAPL Elliott Wave Technical Analysis – 20th May, 2013

Last analysis expected a little more downwards movement from Apple before a correction. Price has not move lower. Price has moved higher but remains below the invalidation point. I have considered various alternatives for this most recent movement down from the high...

AAPL Elliott Wave Technical Analysis – 16th May, 2013

Analysis of AAPL at the beginning of this week expected upwards movement extremely likely to move above 469.95. Price did not move higher, and although the wave count is not yet invalidated at the hourly chart level it does not look right. I have adjusted the wave...

GOLD Elliott Wave Technical Analysis – 15th May, 2013

Last week’s analysis of gold expected downwards movement to a target for the week at 1,416. So far price has reached 28.74 below the target. Price is on track to meet the first target on the daily chart at 1,276. Click on the charts below to enlarge. This daily...

US OIL Elliott Wave Technical Analysis – 14th May, 2013

Last week’s analysis expected oil to move lower which is what has happened. The channel about the last upwards wave on the daily chart is now breached providing trend channel confirmation of a trend change back to the downside for oil. Click on the charts below...

AAPL Elliott Wave Technical Analysis – 13th May, 2013

Last analysis expected a little more downwards movement to just below 453.70. Price has moved slightly lower to 450.48 so far, but has not convincingly turned upwards yet since the low. The wave count remains the same. I still expect it is highly likely price will...