Brad_EWMS

Brad_EWMS

Why not finish off nano 5up to 75.60, then back to 73...Then a rip your face off rally? Distinct possibility that price wants the larger degree wave 3 immediately, in which case price will smash this 21m count to the upside. Gap up and go towards 78.60. Not predicting...

Brad_EWMS

Levels I'm watching for bullish confirmation 74.60, 76.60 and 78.60. Below $72 would suck for bulls.

Brad_EWMS

Based on this Elliott Wave idea, price "could find support nearby, or even gap up at the open, in search of higher levels. In my view of the market, price could gap up and go at the open, or give us a wick down into support overnight before ripping higher all week. But, these words are easy to type... price is KING.

Brad_EWMS

Based on this Elliott Wave idea, price "could find support nearby, or even gap up at the open, in search of higher levels. There are two areas of interest based on s/d zones: 75/76 and also a more bullish 78/80. Will know much more by 6am Monday morning... tick tock.

Brad_EWMS

This is a serious extension down today. This is the very bottom of a known support zone so even though it smells bad down here, this 'could" be a bottoming area. The downside structure is absolutely full down here now and a bounce seems more likely than not. #BottomsAreBearish!

Brad_EWMS

Elliott Wave Theory projects this wave to make it up to 75/76.32. Problem is that technicals don't immediately support that idea, and or in fact bearish right now. Will be resolved this week, imo. I'm flat and looking for long signals...

Brad_EWMS

In Elliott Wave Theory speak, this can be a C wave towards the 200% fib. Needs to hold the gray box early this week and start hitting targets, if the bulls continue to be in charge.

Brad_EWMS

Silver still in a clearly defined range since Aug '20. I'm taking silver on a level by level approach right now and those s/d zones in red need to hold as support. As each level breaks the odds shift more towards lower prices to come. However, if price can consolidate here and get an impulsive wave higher then perhaps this correction is done. I'm just watching...