• 1,163 days Will The ECB Continue To Hike Rates?
  • 1,164 days Forbes: Aramco Remains Largest Company In The Middle East
  • 1,165 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,565 days Could Crypto Overtake Traditional Investment?
  • 1,570 days Americans Still Quitting Jobs At Record Pace
  • 1,572 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,575 days Is The Dollar Too Strong?
  • 1,575 days Big Tech Disappoints Investors on Earnings Calls
  • 1,576 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,578 days China Is Quietly Trying To Distance Itself From Russia
  • 1,578 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,582 days Crypto Investors Won Big In 2021
  • 1,582 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,583 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,585 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,586 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,589 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,590 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,590 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,592 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…

Zombie Foreclosures On The Rise In The U.S.

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

  1. Home
  2. Markets
  3. Other

SILVER Elliott Wave Technical Analysis

The wave count was invalidated with downwards movement. I was too quick to label the C wave of the triangle as complete.

Overall the wave count remains the same.

XAG/USD Daily Chart
Larger Image

Minor wave B still looks like it is unfolding as a regular contracting triangle. Within the triangle minute wave c now has a better more typical look, and so with this anlaysis I am more confident it is finally over. Minute wave c is now an 82% correction of minute wave b which is a very typical length and gives the triangle the "right look".

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.

If minute wave c continues lower it may not move beyond the end of minute wave a at 18.585.

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

XAG/USD Hourly Chart
Larger Image

The structure of minute wave c is complete and looks clearly like a "three" on the daily chart.

Within minute wave d no second wave correction nor B wave may move beyond its start below 19.232.

 

Back to homepage

Leave a comment

Leave a comment