📈 Silver’s Elliott Wave Setup: Zigzag Correction ⚡
Silver has been tracing a classic corrective pattern this month:
• 🪙 Feb 6 → Low at $64
• 🚀 Feb 11 → A‑wave rally in 5 sub‑waves to $86.13
• 🔄 Feb 17 → B‑wave retrace less than 61.8%, bottoming at $72
• 📊 Now → C‑wave unfolding, with potential to reach $95 (a 50% retracement of the prior move)
👉 Key Insight / Sell Signal: If silver confirms resistance near $95, that level could mark the end of the correction — setting up a strategic SELL opportunity with downside potential back toward the $60 zone.
Silver has been tracing a classic corrective pattern this month:
• 🪙 Feb 6 → Low at $64
• 🚀 Feb 11 → A‑wave rally in 5 sub‑waves to $86.13
• 🔄 Feb 17 → B‑wave retrace less than 61.8%, bottoming at $72
• 📊 Now → C‑wave unfolding, with potential to reach $95 (a 50% retracement of the prior move)
👉 Key Insight / Sell Signal: If silver confirms resistance near $95, that level could mark the end of the correction — setting up a strategic SELL opportunity with downside potential back toward the $60 zone.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.