• 989 days Will The ECB Continue To Hike Rates?
  • 989 days Forbes: Aramco Remains Largest Company In The Middle East
  • 991 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,391 days Could Crypto Overtake Traditional Investment?
  • 1,395 days Americans Still Quitting Jobs At Record Pace
  • 1,397 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,400 days Is The Dollar Too Strong?
  • 1,401 days Big Tech Disappoints Investors on Earnings Calls
  • 1,402 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,403 days China Is Quietly Trying To Distance Itself From Russia
  • 1,404 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,408 days Crypto Investors Won Big In 2021
  • 1,408 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,409 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,411 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,411 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,415 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,415 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,415 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,418 days Are NFTs About To Take Over Gaming?
Zombie Foreclosures On The Rise In The U.S.

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

Strong U.S. Dollar Weighs On Blue Chip Earnings

Strong U.S. Dollar Weighs On Blue Chip Earnings

Earnings season is well underway,…

  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