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sngyuchao

Silver Daily Elliott Waves Counts - Short Silver, Stop > $16.895

Silver Futures (COMEX:SI1!)  
sngyuchao Updated   
COMEX:SI1!   Silver Futures
Wave Analysis Elliott Wave Fibonacci
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waveanalysis elliottwaves fibonacci
Based on my Elliott Wave counts, Silver has recently completed a corrective 5 waves triangle on a Supercycle degree. The current move should be the start of a 3rd wave, meaning a strong move down. Stop-loss should be placed above the recent high of $16.895 in the event that my count is wrong.
Comment:
Silver is still moving in a range but our stop has yet to be hit. Wait and see. Maintain the hard stop.
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