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nick.holland78
Jul 18, 2016 5:42 PM

SLV - 1hr Long

iShares Silver TrustArca

Description

MACD has reset during this correction in TIME (small price consolidation). Looks coiled at about the level of the last breakout. I've moved up my "Support" region from the 61.8-76.4% (17.46-17.73) range to between the 76.4-100.0% extension (17.73-18.17).
Wave 3 should complete with a negative divergence in MACD, although wave iii of 3 could see MACD extend higher than on wave (iii) of iii of 3.
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