Another downwards week leaves all three Elliott wave counts valid, but one looking extremely unlikely.
Downwards movement over the last week invalidated the Elliott wave counts.
Last week expected an upwards trend was in place.
Price continues higher as expected.
Price has broken out of a small consolidation upwards, not downwards. The wave count is changed.
Again, a downwards breakout from a consolidation was expected and has not yet happened.
Price continues sideways within a small range finding support right at the trend line on the daily chart.
Last Elliott wave analysis expected downwards movement for both wave counts. This is not what happened. Price has moved slowly higher over the week.
More downwards movement was expected for the short term for Silver.
So far Silver has moved slightly lower.
Upwards movement from Silver was expected.
Price broke below the trend line and then breached the invalidation point.
Last week expected upwards movement for Silver.
Price has turned downwards but remains above the invalidation point.
Last week expected upwards movement for Silver. This is what happened.
Last week expected upwards movement for Silver. This is not what happened. Downwards movement remained above the invalidation point.
Last week expected upwards movement for Silver, which is exactly what has happened.
Upwards movement was expected from last analysis of Silver.
Price has moved overall sideways.