zhipengcfel

Elliott wave analysis on silver: sharp correction following?

FX:XAGUSD   Silver/U.S. Dollar
Silver             had a flat correction in wave 2. Then a huge wave 3 up is ongoing for these days. Will wave 4 be a sharp correction? Let's see how alteration rule play.

Good luck for everyone!
Comment: The correction second target is around 16.8.
Comment: Nice rally! It towards to 18.6!
Trade closed: target reached: Correction might be following. I will open long again after the correction.
next target (5) still good ?
+1 Reply
zhipengcfel DownUnder
Sure!
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DownUnder zhipengcfel
LoL .. any update ??
+1 Reply
zhipengcfel DownUnder
I will update once per week for oil, silver and gold.
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DownUnder zhipengcfel
thanks, I will be waiting for your next target after (5) 18.60 is hit...
+1 Reply
Now we are in dangerous waters, a large correction / retracement or rest a little then move on ?
+1 Reply
zhipengcfel DownUnder
It is nearly touching the target. It is still bullish unless a reverse candle appears.
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