SolomonsView

#SILVER #XAGUSD a 50%upward correction seems complete

Short
TVC:SILVER   CFDs on Silver (US$ / OZ)
Silver spurt up in Wave C to complete Wave Y as indicated few hours back. This now seems to have reached the minimum corrective move. If the correction is complete, then we should head down in a large move making new lows. For now a move below 24.20 , the wave B low should confirm the down move has started.

An earlier entry may be possible, will see how this plays out and publish when clear

The larger trend is now down

GOLD should play out in similar fashion

Comments

Hi, it did 24.197...does that mean short started?
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SolomonsView pkinvestor
@pkinvestor, based on the type of movement, I am not confident that the market is moving down impulsively at this stage.
Reply
pkinvestor SolomonsView
@SolomonsView, OK thanks
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