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Thursday, August 18, 2011

one more small push higher in silver

There is a good chance that minuette wave (iv), as shown on the 1h time frame in the bottom chart, is complete.   That means we have one more a-b-c up, to complete the final fifth wave.  I have 41.135 as a likely target, which is where ((c)) will be 61.8% of ((a)).


Posted by Waverunner (FractalTrader) at 5:19 PM

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Notation


Wave DegreeMotiveCorrective
Grand Supercycle((I)) ((II)) ((III)) ((IV)) ((V))((a)) ((b)) ((c))
Supercycle(I) (II) (III) (IV) (V)(a) (b) (c)
CycleI II III IV Va b c
Primary((1)) ((2)) ((3)) ((4)) ((5))((A)) ((B)) ((C))
Intermediate(1) (2) (3) (4) (5)(A) (B) (C)
Minor1 2 3 4 5A B C
Minute((i)) ((ii)) ((iii)) ((iv)) ((v))((a)) ((b)) ((c))
Minuette(i) (ii) (iii) (iv) (v)(a) (b) (c)
Subminuettei ii iii iv va b c
Micro((1)) ((2)) ((3)) ((4)) ((5))((A)) ((B)) ((C))