Be prepared for a massive rally
SIlver $27.94
Elliott- the ABC correction is a zig zag. In my view it is complete.
Fib - taking support at 38.2% from a higher swing is strength.
RSI- the oscillator back to its previous support is a confirmation of the strength.
Note - the angle of the trendline has been derived from the 2004 lows which respected the most recent highs as well as the highs in 2020.
Conclusion - the precious metal is all set to make new highs. the strength here further confirms my view of a weak dollar ahead.
Elliott- the ABC correction is a zig zag. In my view it is complete.
Fib - taking support at 38.2% from a higher swing is strength.
RSI- the oscillator back to its previous support is a confirmation of the strength.
Note - the angle of the trendline has been derived from the 2004 lows which respected the most recent highs as well as the highs in 2020.
Conclusion - the precious metal is all set to make new highs. the strength here further confirms my view of a weak dollar ahead.
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