Silvers Next Play - Elliott Wave Diagonal
Looking to go Long on silver with a similar double bottom move like before
except this time the percentage gain is less with ~10% decrease each wave
First wave ~40%
Second wave ~30%
Anticipating this next move to be ~20%
🎯Target $36
Note:
The ABC correction wave 4 is a bit off but will have to do for now
Still waiting for my confirmation setup then I'm jumping in for the swing.
except this time the percentage gain is less with ~10% decrease each wave
First wave ~40%
Second wave ~30%
Anticipating this next move to be ~20%
🎯Target $36
Note:
The ABC correction wave 4 is a bit off but will have to do for now
Still waiting for my confirmation setup then I'm jumping in for the swing.
Note
Never took this trade as I didnt get my confirmation and price broke below structure
Next attempt to buy in will be around $27 support meeting up with EMA support (purple)
Figures why the "ABC" pattern on correction 4 never played out right.
Note
ABC pattern is complete we now need to see the impulse wave develop.
Even if its not doing the Elliot wave anymore we can still expect to see $36 based on price action building structure off the lower trendline in the new updated post.
NathanAL
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NathanAL
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.