Silver and German DAX Intraday - Elliott Wave Analysis

By: Gregor Horvat | Tue, Jul 21, 2015
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Silver is trading higher at the moment, recovering into a third wave up which can be wave (c) targeting levels around 15.13, which comes in around former wave four. We would not be surprised by a new bearish turn from that region.

Silver 1h Elliott Wave Analysis

Silver 1-Hour Elliott Wave Analysis Chart

German DAX is moving lower after recently broken downward channel from 11479 which is an early indication for a coming weakness down into a three wave setback. Ideally market will retrace back to former wave four which is near 11400.

German DAX 1h Elliott Wave Analysis

German DAX 1-Hour Elliott Wave Analysis Chart

 


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Gregor Horvat

Author: Gregor Horvat

Gregor Horvat
www.ew-forecast.com

Gregor Horvat

Gregor Horvat, based in Slovenia, has been in the forex markets since 2003. He is a technical analyst and individual trader who has worked for Capital Forex Group and TheLFB.com. He also is founder of forex services on www.ew-forecast.com. EW-Forecast.com provides technical analysis of the financial markets, highlighting behavioral patterns based on the Elliott Wave Principle (EWP). Website: http://www.ew-forecast.com/

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