Silver's decline is far from over. It's only now that the first stage of the second round of decline has not been completed. But now we need a small 4 wave correction.
At present, the big picture of EURUSD is relatively clear, that is, in the correction of wave y, wave a of Y has not been corrected yet, and it is estimated that there will be about 0.7%, then there will be a rebound of about 0.5-0.618 to correct wave B, and finally meet the last drop, which will be corrected to about 0.618 of the whole rise, which is just a...
Silver's specific forecast will probably run like this. The whole downward adjustment is a super large flag shape, rising relay shape. In the future, silver may break through a record high. At present, what we need to do is to do a good job in the operation near each turning point. Currently bearish, below trend line confirmed.
Due to the sharp rise of DXY and its continuous sharp rise, the prospect of silver is worrying, so we should be prepared to fall by 30%. Once again, it proves that the foreign exchange market is always contrary to the public opinion, and I have also been disturbed. Fortunately, I have done enough hedging.
According to the theory of daily double bottom and periodic cycle, DXY's bull market will last at least 480 points. It will rise to about November, which is consistent with the seasonal pattern of the US dollar. Generally speaking, the US dollar will go bull in the second half of the year. The minimum target of double bottom is just 0.618 of the whole decline....
AUDUSD has some deviations and is expected to rebound, correct, and then continue to plunge. At present, it is extremely emotional, so it is not recommended to participate in the rebound. Wait for the short after the rebound.
Through the analysis of this chart, you can see that bitcoin is on the verge of a big rise. The green vertical line time interval shows that bitcoin is tight for a long time. It's been 59 days and 12 hours, that's two months. Once the resistance level of the middle rail and the upper edge of the descending flag of the 4H big brin belt is successfully broken,...
We continue to be bullish on digital currency and believe that the cloud belt of 4H can be broken successfully. If we break through the black line, it will be an obvious chaotic breakthrough signal. Today's pivot point is extremely narrow, suggesting an upward market.
It may be wxy form, facing the upward breakthrough of Y wave at present. Because the correction is about 0.618 of the w wave, and it is a flag shape, the MACD bottom deviates. Both 4H and daily Bollinger belts are very narrow and may rise by 23%.
Detailed wave division, plummeting to. According to the experience, the first round of wave 1 decline is wave 1, not wave a, because the decline angle reaches 59 degrees, and it is wave 5. Based on these two facts, this is a wave rather than a wave, so the most serious decline in the future will be $1433.66.
Three waves of the golden daily line are about to start, and the sharp drop has dropped to the lowest. The daily RSI is close to 60. Rebounded down 0.5, 3 waves minimum target 1 wave 1.618 times.
At the initial stage when EURUSD rose above 3%, it is suitable to follow the support of the next one and a half months to buy long. Maybe it's a triangle, maybe it's going to break through upward, then it's going to rise a lot in the future.
As shown in the blue rectangle, AUDUSD has a 2-hour effective chaotic signal breakthrough. At present, stepping back has stopped the decline and is expected to rebound to the intra day pivot point R2. Bullish.
In addition to the butterfly shape I drew in the morning, silver may also be a rising triangle. If it is a rising triangle, the future rise will be large. It'll cost at least $39. At present, the shape of silver circumference is similar to that of gold 15min, which can be compared.
It seems to be a rising triangle. After callback, continue to do long or keep multiple orders. The target rose by about 1840.
Silver may be forming a huge butterfly shape. The super thick cloud belt on the circumference is the technical reason to prevent the sharp drop. In the future, the cloud belt will become thinner and will no longer be able to support the price of silver. Crude oil also shows a weekly decline, which usually brings collapse to all commodities. Basically, US inflation...
Generally, the increase rate of silver is about 5.5 times that of DXY, so the target is around 27.7x that I always insist on. Bullish, this wave of rebound will continue to fall.
Rising trend 4 wave C adjustment, target 3 wave of 0.382. About 1%. And 4H also formed a deviation, bearish. After the decline, DXY will continue to rise.