FX:XAGUSD   Silver/U.S. Dollar
45 3 1
Update to earlier ideas. Positive divergence into "pre-Brexit" low were another hint a potential for strong rally. Note that the retrace was a shallow 38.2% of previous rise into the 23 June low. Future pull-backs may also be shallow in the 3rd wave, and targets could extend higher than I've indicated. My minimum expectation is what I've indicated with count placements and target boxes.
Momentum technical indicators should become "embedded" without deep resets until the heart of the 3rd is complete.

Related Ideas

Updated picture *without* annotations changed... Looks like (3)-(4) may have completed already. I'll post revised support and target regions later.
snapshot
Reply
Update with refined targets and support/invalidation on micro picture. Remember, as I said above, "targets could extend higher than I've indicated" in which case support moves up for subsequent pull-backs. "Future pull-backs may also be shallow in the 3rd wave"...
snapshot
Reply
Watching technical indicators for clues to the continuation or finale of wave iii of (iii) of circle iii of 3. These are the most pronounced waves in an Elliott Wave impulse, and metals tend to extend farther than seems reasonably possible. Check past rallies to see what I mean. I've added alternative higher targets, but please do take profits along the way if you followed me on this trade. I've already taken some off...
snapshot
Reply
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