A consolidation was expected for last week, but Silver has moved lower.
The trend has been identified as down since the break below support on the 17th of July.
Continue reading SILVER Elliott Wave Technical Analysis – 7th September, 2018
Category Archives: Silver
SILVER Elliott Wave Technical Analysis – 31st August, 2018
Silver was expected to again move sideways for the week, which is what has happened.
Continue reading SILVER Elliott Wave Technical Analysis – 31st August, 2018
SILVER Elliott Wave Technical Analysis – 24th August, 2018
Last end of week analysis for Silver expected a consolidation to begin. Sideways movement exactly fits this expectation.
Continue reading SILVER Elliott Wave Technical Analysis – 24th August, 2018
SILVER Elliott Wave Technical Analysis – 17th August, 2018
Last week’s analysis expected more downwards movement to end before 14.533, about which a bounce or consolidation was expected. Price moved lower as expected, with the expected limit at 14.533 slightly exceeded before a small bounce.
Continue reading SILVER Elliott Wave Technical Analysis – 17th August, 2018
SILVER Elliott Wave Technical Analysis – 13th August, 2018
Last week’s analysis for Silver was extremely bearish. Price has consolidated sideways.
Continue reading SILVER Elliott Wave Technical Analysis – 13th August, 2018
SILVER Elliott Wave Technical Analysis – 3rd August, 2018
Downwards movement was expected. Although Silver has not made a new low below the prior low three weeks ago, it did move lower for the week.
Continue reading SILVER Elliott Wave Technical Analysis – 3rd August, 2018
SILVER Elliott Wave Technical Analysis – 27th July, 2018
Last analysis noted Silver had broken below support about 15.65, which had been held for just over a year, and that a small bounce up to resistance at prior support was expected for the week. A small range inside week exactly fits this expectation.
Continue reading SILVER Elliott Wave Technical Analysis – 27th July, 2018
SILVER Elliott Wave Technical Analysis – 20th July, 2018
Last analysis noted that Silver had strong support about 15.65. A downwards breakout below long held support was expected as more likely than upwards. Price closed at 15.485 this week, giving a classic downwards breakout.
Continue reading SILVER Elliott Wave Technical Analysis – 20th July, 2018
SILVER Elliott Wave Technical Analysis – 13th July, 2018
Last week’s analysis expected a small bounce, which did not happen.
Volume, RSI and Stochastics are used this week to determine the strength or weakness of this new low.
Continue reading SILVER Elliott Wave Technical Analysis – 13th July, 2018
SILVER Elliott Wave Technical Analysis – 6th July, 2018
A little more downwards movement was expected from last week’s classic technical analysis.
At least four Elliott wave counts remain valid, so classic technical analysis is vital to indicate which one is most likely.
Continue reading SILVER Elliott Wave Technical Analysis – 6th July, 2018
SILVER Elliott Wave Technical Analysis – 2nd July, 2018
The main Elliott wave count expected downwards movement to continue for Silver, which is what has happened.
Continue reading SILVER Elliott Wave Technical Analysis – 2nd July, 2018
SILVER Elliott Wave Technical Analysis – 25th June, 2018
More downwards movement was expected for last week, which is exactly what happened for Silver. The weekly candlestick closed red, with a lower low and a lower high.
Continue reading SILVER Elliott Wave Technical Analysis – 25th June, 2018
SILVER Elliott Wave Technical Analysis – 15th June, 2018
Another upwards week fits the main Elliott wave count.
Price moved very strongly lower on Friday but remains above the Elliott wave invalidation point.
Continue reading SILVER Elliott Wave Technical Analysis – 15th June, 2018