A small amount of upwards movement for the week fits both the main bearish Elliott wave count and the bullish Elliott wave count. At this stage, both wave counts expect the same structure is unfolding upwards.
Continue reading SILVER: Elliott Wave and Technical Analysis | Charts – July 12, 2019
Upwards movement was expected to continue for the week for Silver, but that is not what happened. A strong downwards day on Friday suggests a new alternate wave count, although price remains above invalidation points.
Continue reading SILVER: Elliott Wave and Technical Analysis | Charts – July 5, 2019
A small range inside week sees both Elliott wave counts unchanged. Price remains well within the channel on the daily chart for the bullish wave count.
Continue reading SILVER: Elliott Wave and Technical Analysis | Charts – June 28, 2019
Upwards movement has continued, which fits the alternate Elliott wave count. The main Elliott wave count is changed this week.
Continue reading SILVER: Elliott Wave and Technical Analysis | Charts – June 21, 2019
Upwards movement was expected to continue for the week to reach above 15.467. An inside week failed to reach the expected target, but the structure for the Elliott wave count may now be complete.
Continue reading SILVER: Elliott Wave and Technical Analysis | Charts – June 14, 2019
A breach of 14.990 created the first higher high from the last major high on the 31st of January 2019. At that stage, it was possible there had been a trend change for Silver.
Continue reading SILVER: Elliott Wave and Technical Analysis | Charts – June 7, 2019
The channel on the daily chart is mostly showing about where bounces have found resistance so far. Price remains below the invalidation point.
Continue reading SILVER: Elliott Wave and Technical Analysis | Charts – May 31, 2019
Downwards movement was expected from Silver this week, and a lower low and lower high fits this expectation. A strong bounce at the end of the week remains within the channel identified on the daily chart.
Continue reading SILVER: Elliott Wave and Technical Analysis | Charts – May 24, 2019
Price has moved lower for the week exactly as the last analysis expected.
The upper edge of the channel on the daily chart continues to provide resistance.
Continue reading SILVER: Elliott Wave and Technical Analysis | Charts – May 17, 2019
An inside week closes red. Downwards movement was expected for this week, which is mostly what has happened.
Continue reading SILVER: Elliott Wave and Technical Analysis | Charts – May 10, 2019
Overall, more downwards movement was expected for the main Elliott wave count. This is mostly what has happened, although the week closed as an outside week.
Continue reading SILVER: Elliott Wave and Technical Analysis | Charts – May 3, 2019
Downwards movement was again expected for the week. An outside week completes, with the bounce at the end of the week remaining below the Elliott wave invalidation point.
Continue reading SILVER: Elliott Wave and Technical Analysis | Charts – April 26, 2019
Downwards movement was expected for the week. A lower low and a lower high fits this expectation.
Continue reading SILVER: Elliott Wave and Technical Analysis | Charts – April 19, 2019