MTPredictorUSA
Long

SLV 21.18 Target

AMEX:SLV   ISHARES SILVER TRUST
The daily SLV             sold off in a nice 5 wave pattern down, reaching the MTPredictor minimum wave 5 target. A red high volume VSA             spike came in at the low in wave 5. When this is followed by a blue buyers candle it is an indication that professionals are stepping in and buying. If, in fact, professionals are buying, then the move up should not be a small one. A DP buy signal was given at this level to take advantage of this and the tendency is that it will correct back , at a minimum, to the wave 4 Decision Point. If the wave 4 DP holds as resistance, then the tendency is that the trend that was in place prior should continue. If, however, the wave 4 DP is exceeded, the tendency is that the whole 5 wave pattern down will be erased to the upside with the target being a DP off of the start of the wave 1. That puts the current target for this continuation move up to 21.18.
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out