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AAPL Elliott Wave Technical Analysis – 30th May, 2013

Last analysis expected downwards movement which is not what happened. Price has moved higher, but has remained below the invalidation point on the daily chart so the wave count remains valid. This long deep upwards movement looks to be of a higher degree than...

GOLD Elliott Wave Technical Analysis – 29th May, 2013

Last week’s gold analysis expected downwards movement towards a target at 1,329. Price has not moved lower, but nor has it moved above the invalidation point at 1,419.78. Price has moved sideways for the week. Sideways movement looks like a contracting triangle....

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...