Below is a slighly altered wave count for silver...it shows we have completed wave 5(yellow) which is a wave 1 (white) and are now in the process of working out wave 2 (white)...the first leg down (a) has just completed...and wave b of the ABC should start and complete over the next few days...follwed by one more low (wave c)...around the $34-$34.50 area.
I do not expect a move below $34 due to all the support on the chart at this level (look left and you will see that the $34 was a major prior resistance zone...when resistance is broken it becomes support.
If this count is the correct one (again it is my alternate to the one posted previously), it meas a bit more patience is required over the next few weeks...before we see a major move up (above $50) will start.
I do not expect a move below $34 due to all the support on the chart at this level (look left and you will see that the $34 was a major prior resistance zone...when resistance is broken it becomes support.
If this count is the correct one (again it is my alternate to the one posted previously), it meas a bit more patience is required over the next few weeks...before we see a major move up (above $50) will start.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.