• 754 days Will The ECB Continue To Hike Rates?
  • 755 days Forbes: Aramco Remains Largest Company In The Middle East
  • 756 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,156 days Could Crypto Overtake Traditional Investment?
  • 1,161 days Americans Still Quitting Jobs At Record Pace
  • 1,163 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,166 days Is The Dollar Too Strong?
  • 1,166 days Big Tech Disappoints Investors on Earnings Calls
  • 1,167 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,169 days China Is Quietly Trying To Distance Itself From Russia
  • 1,169 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,173 days Crypto Investors Won Big In 2021
  • 1,173 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,174 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,176 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,177 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,180 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,181 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,181 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,183 days Are NFTs About To Take Over Gaming?
  1. Home
  2. Markets
  3. Other

SILVER Elliott Wave Technical Analysis

Originally posted October 8, 2013.

Last analysis was invalidated with movement above 22.139. The wave count has necessarily changed.

XAG/USD Daily Chart
Larger Image

A downwards zigzag is unfolding at primary wave degree. Within the zigzag intermediate wave (A) is complete. Intermediate wave (B) is an incomplete zigzag.

Minor wave B is an incomplete double zigzag. Within the second zigzag minuette wave (c) is incomplete.

Minor wave B may not move beyond the start of minor wave A. This wave count is invalidated with movement below 18.215.

XAG/USD 1-Hour Chart
Larger Image

Upwards movement was minuette wave (b) extending higher. At this stage it is not confirmed as complete. I want to see a clear channel breach and movement below 22.114 before I have confidence in a trend change. At that stage I will calculate a downwards target for minuette wave (c).

Minuette wave (b) may not move beyond the start of minuette wave (a) within this zigzag. This wave count is invalidated with movement above 23.417.

 

Back to homepage

Leave a comment

Leave a comment