Anarchomania

Silver bottom? Maybe not...

FX:XAGUSD   Silver / U.S. Dollar
68 3 0
Alternate wave count (purple):
I'm thinking this wave count in silver             may need adjusting....ie. reducing the current red circled waves by 1 degree. This would turn the current wave 5 (red circled) into wave 3 (purple circle), leaving it with the need to trace out a 4th and 5th (purple) before completing the down correction, which would ultimately represent the completion of waves c, (y), and ii (circled) in that order of degree.
Wave 4 (purple) may even get a bit triangle-ish which would give silver             more time to sync up with gold             (which also seems to have more downside...see link below for gold             count)
that was an unexpected drop
Reply
Not really....just wave 5 beginning. Purple line is just indicative of the wave count...don't read too much into the amplitude, it's just to indicate roughly where we are in the larger trend.
Reply
Anarchomania PRO Anarchomania
Also note that wave 4 could still be underway! It may form a triangle (sideways) in order to give gold more time to reach a bottom. That view would make this current drop wave (b) of an a-b-c-d-e triangle...
Reply
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体中文
繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out