SILVER Elliott Wave Technical Analysis – 1st December, 2014

Downwards movement invalidated both daily Elliott wave counts, published two days ago. This Elliott wave count is updated and still expects upwards movement.

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Silver daily 2014

At 18.430 minute wave iii would reach 2.618 the length of minute wave i. This is close to the 0.618 Fibonacci ratio of minor wave 1 at 18.812. The target may be about two weeks away.

6 thoughts on “SILVER Elliott Wave Technical Analysis – 1st December, 2014

  1. Hi Lara,
    I observed that the ratio 0.50 (or 50%) never appears in your analyses. Am I correct this ratio is not applicable to Elliot waves?

  2. Lara, you mention that the target 18.430-18.812 at 2 may be about two weeks away. However with gold you mentioned that intermediate wave (2) may last another 5 weeks. I would think these two points in time would be the same number of weeks since from them they both descend down to the final low. “If intermediate wave (2) exhibits a Fibonacci duration it may be 13 weeks to be even with intermediate wave (1). Intermediate wave (2) has just begun its eighth week.”(Gold)

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