Based on this Elliott Wave analysis, we are likely at the beginning of a bullish wave 5. This suggests that corrective wave 4, which formed as a regular flat pattern, has concluded, and a new bullish move is set to begin.
As a result, any bearish corrective move should be viewed as a potential buying opportunity.
Let me know if you like Elliot wave analysis.
As a result, any bearish corrective move should be viewed as a potential buying opportunity.
Let me know if you like Elliot wave analysis.
Note
Nice bearish move Since posting this idea. Now we should be looking for a confirmations to show us that this bearish corrective move is ended.Note
Updating wave count of silver bullish move. Note
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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.