In Silver, the picture appears to be a little clearer than in Gold, since the price appears to have formed a definite (W)(X)(Y) pattern, with (X) being a symmetrical triangle. Such a pattern is the best candidate for wave [2] of the expected diagonal.
Unless the price keeps drilling and forming a smaller diagonal pointed downwards I am fairly confident that the market has turned up. Not advice.
Yet, again wave c looks a bit too big but I will have to live with that for the time being.
Unless the price keeps drilling and forming a smaller diagonal pointed downwards I am fairly confident that the market has turned up. Not advice.
Yet, again wave c looks a bit too big but I will have to live with that for the time being.
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📏 Chartopedia, with examples of applying ElliottWave to real world charts
