Hello everyone,
I like to provide you a detailed elliot wave analysis on silver. In my opinion we are in the middle of a higher degree fifth wave. The elliot wave rules I use:
Standard:
- Wave 3 has to be the longest
- Wave 4 can not overlap with wave 1
Advanced:
- Target levels are 1,5 to 1,618 (wave 3) and 2.272 to 2.618 (wave 5)
- Wave 3 needs to show a change of character to wave 1 (usually steeper)