"No warning can save people determined to grow suddently rich" - Lord Overstone

  • 10 hours Major League Baseball Turns To Blockchain Tech
  • 1 day Institutional Investors Hold A Lot More Crypto Than You Think
  • 1 day U.S. Treasury Yields Could Be About To Break Out
  • 2 days Tesla Stock Stumbles On Model 3 Cancellations
  • 2 days Yuan Rebounds At The Expense Of The U.S. Dollar
  • 2 days Iraq Unplugged: No Internet, No Protests, No Money
  • 2 days The Tariff War Could Spark A Debt Crisis In China
  • 2 days Gold Selloff Continues As Dollar Climbs Higher
  • 2 days Gold Investors In A Frenzy Over Sunken Russian Warship
  • 2 days The New King Of Electric Cars
  • 3 days BlackRock Goes Bitcoin
  • 3 days U.S. Banks See Best Earnings Report In Years
  • 3 days The Case For Gold Is Not About Price
  • 3 days Stock Market Sentiment Turns Bullish
  • 3 days What Is Bitcoin Really Supposed To Be?
  • 3 days The Surprising Media Giant Taking On Netflix
  • 3 days Cybersecurity Stocks Are Red-Hot As Election Looms
  • 4 days Americans Grow Weary Of U.S. Trade Policy
  • 4 days What Putin Really Wants From Trump
  • 4 days Europe’s EV Sales Growth Is Slowing
Netflix Shock Hits FAANG Stocks Hard

Netflix Shock Hits FAANG Stocks Hard

Netflix released its surprising second…

Stock Market Sentiment Turns Bullish

Stock Market Sentiment Turns Bullish

Quarterly earnings reports have lifted…

3 Reasons Small-Cap Stocks Are Booming

3 Reasons Small-Cap Stocks Are Booming

As major market indexes waiver,…

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)…

Contact Author

SILVER Elliott Wave Technical Analysis - Charts Only

Main Wave Count.

Silver Main Wave Count Daily Chart
Larger Image

Silver Main Wave Count Hourly Chart
Larger Image

Alternate Wave Count.

The triangle is starting to look strange because the overshoot of the A-C trend line for minor wave E looks too big. Therefore, I have the alternate idea below.

Silver Alternate Wave Count Daily Chart
Larger Image

Silver Alternate Wave Count Hourly Chart
Larger Image

The end of minor wave B, the ending diagonal of minuette wave (v), does not have a good fit. This reduces the probability of this wave count. The main wave count has a better fit for this piece of movement.

 

Back to homepage

Leave a comment

Leave a comment