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Silver and German DAX Intraday - Elliott Wave Analysis

Silver is trading higher at the moment, recovering into a third wave up which can be wave (c) targeting levels around 15.13, which comes in around former wave four. We would not be surprised by a new bearish turn from that region.

Silver 1h Elliott Wave Analysis

Silver 1-Hour Elliott Wave Analysis Chart

German DAX is moving lower after recently broken downward channel from 11479 which is an early indication for a coming weakness down into a three wave setback. Ideally market will retrace back to former wave four which is near 11400.

German DAX 1h Elliott Wave Analysis

German DAX 1-Hour Elliott Wave Analysis Chart

 


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