• 1,187 days Will The ECB Continue To Hike Rates?
  • 1,187 days Forbes: Aramco Remains Largest Company In The Middle East
  • 1,189 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,589 days Could Crypto Overtake Traditional Investment?
  • 1,594 days Americans Still Quitting Jobs At Record Pace
  • 1,596 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,599 days Is The Dollar Too Strong?
  • 1,599 days Big Tech Disappoints Investors on Earnings Calls
  • 1,600 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,602 days China Is Quietly Trying To Distance Itself From Russia
  • 1,602 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,606 days Crypto Investors Won Big In 2021
  • 1,606 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,607 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,609 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,610 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,613 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,614 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,614 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,616 days Are NFTs About To Take Over Gaming?
What's Behind The Global EV Sales Slowdown?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

Another Retail Giant Bites The Dust

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

Is The Bull Market On Its Last Legs?

Is The Bull Market On Its Last Legs?

This aging bull market may…

  1. Home
  2. Markets
  3. Other

SILVER Elliott Wave Technical Analysis

At the daily chart level it looks like minute wave ii is incomplete and found resistance at the upper edge of the channel.

I would expect a little more downwards movement overall to complete an ending contracting diagonal, which should be followed by overall upwards movement. The target for downwards movement to end is just below 19.327. Downwards movement should not breach 18.585.

When there is a full daily candlestick above the channel and not touching the upper trend line then I would have confidence in a trend change.

XAG/USD Daily Chart
Larger Image

 

Back to homepage

Leave a comment

Leave a comment