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Lara Iriarte

Lara Iriarte

I have been using the Elliott wave principle to analyse up to five markets a day since 2008. I began Elliott Wave Forex (originally ForexInfo.us)…

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SILVER Elliott Wave Technical Analysis

Originally published 30th April, 2014.

Price has mostly moved sideways since last analysis. The wave count is the same.

Silver Daily Chart
Larger Image

Minor wave B still looks like it is unfolding as a regular contracting triangle.

This wave count expects 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.

 

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