Last analysis looked for the arrival of a second wave correction. The correction was indicated when the channel on the hourly chart was breached. The correction is most likely incomplete. I am now expecting price to move higher to a short term target at 101.76 to 102.21 before a resumption of the downwards trend.Click on charts to enlarge.The daily chart […]
Although upwards movement remains below the invalidation point so far I do not think it is over. This upwards movement is part of a second wave correction one degree higher than I had previously expected. Overall I am expecting a continuation of upwards movement for a few days yet to about 105.80.Click on the charts below to enlarge.Minor wave 2 […]
Last analysis of Silver expected more downwards movement towards a target at 18.999. Downwards movement continued, reaching 18.585, 0.414 below the target.The wave count remains the same.Click on the charts below to enlarge.Minor wave B is now a complete zigzag, which is within a bigger zigzag trending upwards one degree higher for intermediate wave (B).Within minor wave B minute wave […]
Last week’s analysis of Silver expected downward movement for a second wave correction which is exactly what has happened. With more of this structure now to analyse I can now calculate a target for it to end for you.Click on the charts below to enlarge.Intermediate wave (B) is unfolding as a simple zigzag. Minor wave A subdivides as a five, […]
