Elliot + Fib (0.5)

Sep 28, 2019

So as you can clearly see, Silver supporting (0.5) base on corrective wave 2 and also tends to support (0.5) base on corrective wave 4. And that is kind of interesting.
On 1 Week Silver , it does not show any common relationship on corrective wave 2 it follows (0.786) base whereas on corrective wave 4 it (till now) it follows (0.382) base. i personally do not think it will come down to (0.786) base as it will eventually will be a sign towards downtrend in market and that (0.786) base is round about at 15.40000.

You can check 1 Week analysis on my profile.

Any kind of constructive criticism will be appreciated :D

Sep 28, 2019

Comment

On 1 Week, Silver supporting (0.382) base on corrective wave 2 and also tends to support (0.786) base on corrective wave 4.And that is kind of interesting.Why is it interesting? As (0.382) is 1 level above than (0.5) and (0.786) is 1 level below than (0.5). So we can say its following change in shift of Fib Retracement. If it is correct then from this area we going for Elliot 5th Wave.