Category Archives: Silver – Daily

Silver

As shown on the chart, Silver has retraced to Fibonacci 0.786 level, but this sharp decline might be only initial move of deep retracing as a three-wave.

Note : “A leading diagonal in the wave one position is typically followed by a deep retracement.”

Based on this concept, it’s more expected that countertrend rally in Minor wave C will develop as an impulsive five-wave sequence, prior to the end of overall Intermediate wave (4) (not shown) as a flat correction.

Silver - Daily1Silver - Daily

Silver

As shown in the Silver’s daily frame, the five overlapping waves up, that may be counted as a leading diagonal, would confirm a trend reversal and ultimately retracing back to the Fibonacci 0.618 expansion level at 17.02.

Based upon this bullish outlook, expect the countertrend rally in Minor wave C to develop as a three-wave to complete the third wave of a triangle correction that gives way to the development of waves D and E over the next year.

Silver - Daily

Silver

It is expected that several days rally of Silver that started from the 14.51 Fibo-support area, will continue to advance through the minimum objective for the Minor wave C at 17.02.

Based on this alternative, the Minor waves of A and B have completed, the wave C is underway, and probably the waves of D and E of the same degree lie ahead, before the overall correction in Intermediate wave (4) terminates.

Silver - Daily

Silver

The Silver’s several-days rally indicates that trend has changed from down to up, and will likely continue to advance in countertrend rally of the Minor wave C.

Based on this alternative, the Minor waves of A and B have completed, the wave C is underway, and probably the waves of D and E of the same degree lie ahead, before the overall correction in Intermediate wave (4) terminates.

Silver - Daily

Silver

Today is the first strong rally day in Silver in the recent days, that might lead to a trend reversal.

Based upon this alternate count, the Minor waves of A and probably B have completed, and the waves of C, likely D and E of the same degree lie ahead, before the end of entire correction in Intermediate wave (4).

Silver - Daily

Silver

As shown on the daily frame, Silver might be forming its low as the extreme point of Minor wave B.

Based upon this alternate count, the waves of A and probably B have completed, and the waves of C, likely D and E lie ahead, before the end of overall correction in Intermediate wave (4).

Silver - Daily

Silver

As shown on the daily frame, Silver is consolidating while holds above 14.51, where the Minute waves of c (circle) and a (circle) of Minor wave B are equals.

Based upon this alternate count, the waves of A and probably B have completed, and the waves of C, likely D and E lie ahead, before Intermediate wave (4) terminates.

Silver - Daily

Silver

As shown on the Silver’s daily frame, continuing decline in Gold was unconfirmed by Silver that price still holds above 14.51, where the Minute waves of c (circle) and a (circle) of Minor wave B are equals.

Based upon this alternate count, the waves of A and probably B have completed, and the waves of C, likely D and E lie ahead, before Intermediate wave (4) terminates.

Silver - Daily

Silver

As shown on this daily frame, Silver has registered its new low at 14.49, where the Minute waves of c (circle) and a (circle) of Minor wave B are equals.

Based upon this alternate count, the waves of A and probably B have completed, and the waves of C, likely D and E lie ahead, before Intermediate wave (4) terminates.

Silver - Daily