Elliott wave pattern on Silver

02/02/2021

Elliott wave pattern on Silver

Silver completed a leading diagonal [1,2,3,4,5] which often occurs in the first wave of a major rally. It is probably the first wave because silver made a new high above 29.8. We are now in the corrective wave in [A,B,C] which is the second wave. Silver decline could end near 24 after a small bounce for wave B. After this decline I expect silver to rally to new highs.

Posted by Better Trader on 02/02/2021 at 07:04 PM in Elliott Wave, Other Markets | Permalink

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Better Trader

02/02/2021