Hello Traders,
Silver peaked in overnight Trading on Aug 02 to $16.96! This High marks the top in Wave B or Wave iii. If this high was the Wave iii it expands the length of Wave i 1.618 times, which is a commonly target in EW Rules and guidelines for a Wave iii! From this Level a decline followed to $16.42 (I have left my forecast, marked with the orange TL within the Chart)! From here the precious Metal start the final Leg of it`s first (maybe multiweek lasting advance) in a Wave 1 of 5 of1! This first move is done or very nearly so and will bring a setback in a Wave2 of lesser degree arount the $16.57 to $16.49 area. From here Wave iii will start to its next targets!
As long as the level of $16.42 reemains in tact this forecast is valid....I have placed my alternate Wavecount below my favor one...
Have a great day
rubennase
Disclaimer*
All ideas published here involve risk and does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make.
Silver peaked in overnight Trading on Aug 02 to $16.96! This High marks the top in Wave B or Wave iii. If this high was the Wave iii it expands the length of Wave i 1.618 times, which is a commonly target in EW Rules and guidelines for a Wave iii! From this Level a decline followed to $16.42 (I have left my forecast, marked with the orange TL within the Chart)! From here the precious Metal start the final Leg of it`s first (maybe multiweek lasting advance) in a Wave 1 of 5 of1! This first move is done or very nearly so and will bring a setback in a Wave2 of lesser degree arount the $16.57 to $16.49 area. From here Wave iii will start to its next targets!
As long as the level of $16.42 reemains in tact this forecast is valid....I have placed my alternate Wavecount below my favor one...
Have a great day
rubennase
Disclaimer*
All ideas published here involve risk and does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make.