It's fair to say that SILVER has potentially completed a 1:0.618 flat correction (3-3-5). My presumed (C) wave terminal around late June could mark '4' of highest degree or A of one higher degree than that of the ABC flat.
The impulsive 5-wave advance that started on July 17th forms wave 1 or A of higher degree.
On lower time frame (4H Chart) wave 2/B structure appears to be a WXY with 'Y' terminating in the 1:0.618 golden window.
If price continues up, my anticipated target for wave 3/C terminal is the 0:1.618 of wave 1/A @ $83.6515.
Price invalidation for a 3rd/C wave up is at $62.3002; a break below this level suggests wave 2/B is not complete. A break below $54.7770 would invalidate my presumed highest degree ABC flat. Good Luck!
-Not Financial Advice-
The impulsive 5-wave advance that started on July 17th forms wave 1 or A of higher degree.
On lower time frame (4H Chart) wave 2/B structure appears to be a WXY with 'Y' terminating in the 1:0.618 golden window.
If price continues up, my anticipated target for wave 3/C terminal is the 0:1.618 of wave 1/A @ $83.6515.
Price invalidation for a 3rd/C wave up is at $62.3002; a break below this level suggests wave 2/B is not complete. A break below $54.7770 would invalidate my presumed highest degree ABC flat. Good Luck!
-Not Financial Advice-
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Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.