FX:XAGUSD   Silver/U.S. Dollar
145 10 0
I can't bring myself (yet) to see the correction as complete - having not even made it to the 0.382 mark. I'm therefore counting this tentatively as an expanded flat, looking for c (circled) to move to about 16.28 (wave a x 1.618)
Counting wave b as an expanded flat this is.
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halawani PRO
7 months ago
B 17.326 and C 16.782
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halawani PRO
7 months ago
17.677 ended wave 3 and wave 5 started @ 16.782
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Anarchomania PRO halawani
7 months ago
Sorry I can't see where you're coming from.
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Anarchomania PRO Anarchomania
7 months ago
Ahh...now I see what you're saying....what I've got labelled as v you have labelled as iii. It's a possibility, but I think it's unlikely...the degrees of trend are different if you want to make wave iv end at 16.782.
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halawani PRO Anarchomania
7 months ago
0 13.625
1 14.401
2 13.727
3 16.120
4 14.775
in 5
0 14.775
I 16.299
II 15.882
III 17.677
Iv 16.782

we are in wave 5 of 5

degrees of trend are not always 100% correct
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Anarchomania PRO halawani
7 months ago
I'm afraid there are multiple problems with that count.
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halawani PRO Anarchomania
7 months ago
can you please explain the problems that you see .. we are all trying to learn.
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halawani PRO Anarchomania
7 months ago
in 5 of 5
0 16.782
1 17.406
2 17.039

we are in 3 going to 4
I can not decide if 3 ended or not :(
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Anarchomania PRO halawani
7 months ago
Ok...just briefly, you're trying to count the whole move up from the major low as a single wave 1 when it's actually a 1-2, 1-2 in different degrees of trend. The move from the low started as a leading diagonal for wave 1 (circled), zig zag 2, impulse 3, triangle 4, standard impulsive thrust from triangle for 5...all those are minute degree that complete wave 1 of minor degree. Wave 2 (minor) was a normal abc zig zag followed by 5 clear waves up in the minuette degree, to complete wave 1 (circled). Wave 5 of this move contains 5 clear waves of subminuette degree, making wave 1 (circled) of 3 (minor) complete. Up to that point the wave count is 100% valid, the only thing that remains is to classify the correction, but it's looking like an abc with wave b forming an expanded flat (3-3-5) to the upside, and in the process requiring a higher high than the previous peak. If correct, this flat (as part of a larger degree correction) should trace out 5 waves down to complete wave 2 (minute degree). Varying degrees of trend are actually critical....don't ignore them. The correct count should look something like this: https://www.tradingview.com/chart/HIwSh9wi/#
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