Is CDE starting an impulsive wave 3 higher after a wave 2 consolidation. I am long, was a Silvercrest holder before they were acquired, but have since added to this position at the level shown.
This is my current view on XAGUSD. I have a trade running which has a lose target starting around $36, but will be subject to change as the price action develops. I'm in silver for the chance that we see much higher prices than that!!. Trading spot is a small part of my exposure to the silver sector.
Looking for TSX:U.UN to have progressed higher in 3 waves, with current price action potentially being in the later stages, if not already completed, of a WXY pull back. Watching for a reversal and breakout to form, after which another 3 wave move higher could unfold. Simlar view on LSE:YCA may get an update out on that soon.
This is my current Elliott Wave count for the DXY Dollar index. I have a couple of variations which I will share but this one sees a decline starting with a leading diagonal in red wave 1 which is close to completion. May see a pull back in red 2 before a strong move lower in 3. The alternative is a nesting 1,2,1,2. If that's the case then a strong decline could...
Just been recapping on the SPXUSD and NAS100USD charts, both look like they could head lower in the short term at least. Not sure crypto has proven it can trade independently from that just yet, at least based on the short term. Plus if things get disorderly then everything could get wacked. I'll be monitoring my positions over the weekend (BTCUSD, HBAR, XRPUSD),...
This outlook has XRPUSD having completed 5 waves up, and price is starting a decline with a WXY lower.