• 2 days Silver Stocks Have Been Decimated In The Coronavirus Sell-Off
  • 3 days How Blockchain Tech Could Make Mergers And Acquisitions More Efficient
  • 3 days America’s Shortage Of This Metal Keeps Trump Up At Night
  • 3 days Bidet Bonanza: Defying The Toilet Paper Shortage
  • 4 days U.S. Auto Sales Fall By 75%
  • 4 days Violating Quarantine? Big Brother Is Watching
  • 5 days Does Gold Still Have Some Room To Run?
  • 5 days Major Acquisition Gives The World’s First Green Ride-Share Another Edge
  • 5 days U.S. Pushes For Digital Currency For Immediate Stimulus
  • 6 days The Impossible Challenges Created By Growing Population
  • 6 days Gold Skyrockets After Fed Pledges "Unlimited" Cash To Boost Economy
  • 6 days World’s Richest Lose $1 Trillion In Stock Market Rout
  • 7 days Gas Stations Shut Down In Venezuela As Coronavirus Crisis Intensifies
  • 7 days The Best And Worse Case Scenario For The U.S. Stock Market
  • 7 days 3 Industries Soaring During The Coronavirus Crisis
  • 8 days The Key To Commercial Hydrogen
  • 8 days Gold Still Beating Much Of The Market Despite Sell-Off
  • 9 days Gold Miners Struggle With COVID-19 Fallout
  • 10 days The Dollar Reigns Supreme In Times Of Crisis
  • 10 days The Most Exciting Green Startups To Watch In 2020
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…

What's Behind The Global EV Sales Slowdown?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

Gregor Horvat

Gregor Horvat

Gregor Horvat, based in Slovenia, has been in the forex markets since 2003. He is a technical analyst and individual trader who has worked for…

Contact Author

  1. Home
  2. Markets
  3. Other

Elliott Wave Analysis: Dax and Silver

Dax recently traded into our region of resistance, near the Fibonacci ratio of 50.0 and 61.8, which usually presents a turning point zone. This means more weakness could follow on the pair in the near-term. A breach below the previous swing low of wave B would be and indication for more bearish pressure.

German dax, 1h

German DAX 1-Hour Chart

Silver is undergoing a sharp and strong recovery within wave 3)/C), which means we can see metal reach even higher in days ahead. We have 17.46/17.70 region in view, where Fibonacci projection indicates a wave 3) or C) termination point. Even recent breach above the upper channel line indicates more gains to follow and a possible support for upcoming minor corrections.

Silver, 1h

Silver 1-Hour Chart

 


Interested in our services? We have a Special Offer: Get 2 Months For Price of 1!! Grab the opportunity now at www.ew-forecast.com

 

Back to homepage

Leave a comment

Leave a comment