My upside target, if we get a rally from here is 43.64 for minuette (iii) of ((v))on the /SI.
Disclaimer
I'm not a financial advisor nor a broker/dealer. I neither provide financial advice, nor make investment recommendations. Nothing you read on this website constitutes a solicitation, recommendation, or promotion of any particular security, transaction, or investment.
I may at times discuss trades or trade setups, but this is meant to be purely a discussion point for entertainment and educational purposes only.
I may at times discuss trades or trade setups, but this is meant to be purely a discussion point for entertainment and educational purposes only.
Wednesday, August 24, 2011
Silver still in (B)
While we technically could have had a completed the fifth wave of the upward sloping diagonal formation on 8/22, silver appears to have made yet another a-b-c correction down today. Notice on the minuette time frame (lower) how ((a)) and ((c)) of (ii) are equal. That means we're looking at a complex wave ((v)), most likely. My assumption at this point is that ((v)) could turn into an extension, or diagonal of its own, which would stretch this upward sloping correction on the minute time frame out into September.
My upside target, if we get a rally from here is 43.64 for minuette (iii) of ((v))on the /SI.
My upside target, if we get a rally from here is 43.64 for minuette (iii) of ((v))on the /SI.
Subscribe to:
Post Comments (Atom)
Notation
| Wave Degree | Motive | Corrective |
| Grand Supercycle | ((I)) ((II)) ((III)) ((IV)) ((V)) | ((a)) ((b)) ((c)) |
| Supercycle | (I) (II) (III) (IV) (V) | (a) (b) (c) |
| Cycle | I II III IV V | a b c |
| Primary | ((1)) ((2)) ((3)) ((4)) ((5)) | ((A)) ((B)) ((C)) |
| Intermediate | (1) (2) (3) (4) (5) | (A) (B) (C) |
| Minor | 1 2 3 4 5 | A B C |
| Minute | ((i)) ((ii)) ((iii)) ((iv)) ((v)) | ((a)) ((b)) ((c)) |
| Minuette | (i) (ii) (iii) (iv) (v) | (a) (b) (c) |
| Subminuette | i ii iii iv v | a b c |
| Micro | ((1)) ((2)) ((3)) ((4)) ((5)) | ((A)) ((B)) ((C)) |

No comments:
Post a Comment