SILVER Elliott Wave Technical Analysis – 15th December, 2016

A new low below 16.652 confirmed a more bearish second alternate Elliott wave count and invalidated the first two Elliott wave counts. Summary: A bear flag pattern completed. The target using the measure rule is 14.00. New updates to this analysis are in bold. To see...

SILVER Elliott Wave Technical Analysis – 8th December, 2016

Upwards movement continues so far as expected for Silver. Summary: A new high above 18.979 would invalidate the alternate Elliott wave count and confirm a trend change for Silver. It will remain possible that Silver is still in a bear market while price remains below...

SILVER Elliott Wave Technical Analysis – 2nd December, 2016

Upwards movement was expected for Silver. Price has mostly moved sideways. Summary: A new high above 18.979 would invalidate the alternate Elliott wave count and confirm a trend change for Silver. It will remain possible that Silver is still in a bear market while...

SILVER Elliott Wave Technical Analysis – 24th November, 2016

Another downwards week leaves all three Elliott wave counts valid, but one looking extremely unlikely. Summary: Bears are still looking tired. Look out for a trend change for Silver. When price turns up, if it remains below 18.979, then a bear market for Silver will...

SILVER Elliott Wave Technical Analysis – 18th November, 2016

Downwards movement over the last week invalidated the Elliott wave counts. Summary: The bears are looking tired. There is a very little weakness to downwards movement, but not enough to call a low in place. It is possible that price may move lower. New updates to this...

SILVER Elliott Wave Technical Analysis – 10th November, 2016

Last week expected an upwards trend was in place. Price continues higher as expected. Summary: An upwards trend is in place. The target is either 24.602 or 23.093. The invalidation point is 17.763. In the short term, a small consolidation may unfold sideways and lower...

SILVER Elliott Wave Technical Analysis – 3rd November, 2016

Price has broken out of a small consolidation upwards, not downwards. The wave count is changed. Summary: An upwards trend is in place. The target is either 24.61 or 23.093. The invalidation point is 17.863. New updates to this analysis are in bold. To see how this...