You know the arcade- and computer-game “Whac-A-Mole”, where you have to whack little mole-figures popping up randomly back into their holes? Quite similarly to these mole-figures, silver has repeatedly been popping up into the upper orange zone between $21.85 and $23.46. Now, we don’t want to whack it, as it still has some room in the upper orange zone to finish wave iv in orange. However, as soon as wave iv in orange is completed, silver should indeed move downwards to continue the overarching descent.
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📊 Free daily market insights combining macro + Elliott Wave analysis
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter - full free analyses at dailymarketupdate.com
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter - full free analyses at dailymarketupdate.com
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.