It is in my opinion that silver has begun impulse wave 1. If this is the case my projection for the first impulse is a as shown in the chart.
I think there will be a minor correction to complete HS pattern
The next waves use fibonnaci levels .386 and .618 with the fifth wave completing at the top of the upper trend line
The reason I chose those levels is because a cypher pattern is completed and profit taking conventionally happens at the 382 and 618
I think there will be a minor correction to complete HS pattern
The next waves use fibonnaci levels .386 and .618 with the fifth wave completing at the top of the upper trend line
The reason I chose those levels is because a cypher pattern is completed and profit taking conventionally happens at the 382 and 618
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Entered on break of structure
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Ok very intereting weekly open showed strong push up of almost 1.5% in one minute. Now we have retraced that move and have a descending wedge coming in contact with local trend line. Impulse should happen in next 24 hrs. Formation of larger ABC correction is also possible but I dont think it will.
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Houston we have lift off. Resistance broken I revised 3rd wave projection to go to somewhere between 18.00-18.09
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Okay i believe impulse wave 1 IS OVER and we will have correction to 17.00
I wil buy when the structure in the attached oicture is broken