• 525 days Will The ECB Continue To Hike Rates?
  • 526 days Forbes: Aramco Remains Largest Company In The Middle East
  • 527 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 927 days Could Crypto Overtake Traditional Investment?
  • 932 days Americans Still Quitting Jobs At Record Pace
  • 934 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 937 days Is The Dollar Too Strong?
  • 937 days Big Tech Disappoints Investors on Earnings Calls
  • 938 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 940 days China Is Quietly Trying To Distance Itself From Russia
  • 940 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 944 days Crypto Investors Won Big In 2021
  • 944 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 945 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 947 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 948 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 951 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 952 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 952 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 954 days Are NFTs About To Take Over Gaming?
How The Ultra-Wealthy Are Using Art To Dodge Taxes

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

What's Behind The Global EV Sales Slowdown?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

  1. Home
  2. Markets
  3. Other

SILVER Elliott Wave Technical Analysis

Last analysis expected a little more downwards movement to a target at 19.13 before a trend change. The trend change had already happened at 19.579 and price did not move lower.

Overall the wave count remains the same.

XAG/USD Daily Chart
Larger Image

Minor wave B looks like it is unfolding as a regular contracting triangle. Within the triangle minute wave c recently ended as a double zigzag.

This wave count now expects more upwards movement to complete minute wave d as a single zigzag.

Minute wave d may not move beyond the end of minute wave b above 22.224.

When minute wave d is complete then a final wave down for minute wave e would end the triangle. Minute wave e may not move below 19.579.

Overall this wave count expects to see very choppy, overlapping sideways movement for a few weeks yet in an ever decreasing range.

XAG/USD Daily Chart
Larger Image

Within minute wave d minuette wave (a) subdivides as a leading expanding diagonal.

Minuette wave (b) is an incomplete zigzag. I would expect to see it move a little lower or sideways before it is done.

Minuette wave (c) should move price higher, beyond the end of minuette wave (a) at 20.235.

At 21.695 minute wave d would reach 80% the length of minute wave c. This is a common wave length for waves within triangles.

Minuette wave (b) may not move below the start of minuette wave (a) at 19.579.

 

Back to homepage

Leave a comment

Leave a comment