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aibek
Dec 21, 2016 4:04 PM

Silver futures. Possible Ending Diagonal wave C. Reversal soon Long

Silver FuturesCOMEX

Description

Futures show volume and it was needed for my chart so I prefered it to spot xagusd
Very clean chart formation.
Looks like it shows the finish of correction.
Volume and MACD confirm wave 3 in Ending Diagonal.
Break above the upper trendline would confirm the reversal.
Price is slightly above 78.6% Fib which is very common for ABC corrections.
Price action can take time as weekly charts are here.

Comment

Update. Triangle. Price approaches upper trendline. Watch breakup.

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Update

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Update. Breaking...

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update with adjusted Elliott Waves count

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4H chart update
Comments
pathaniasourabh
Can we sell @ cmp 17.20
aibek
@pathaniasourabh, it depends on your trading strategy. Some prefer selling resistances, others prefer breakup buying.
pathaniasourabh
@aibek, thankx for replay,,,,
NidalDarawsheh
good work
aibek
@NidalDarawsheh, thanks and Lucky New Year 2017 ahead!
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