Capital Trust
Capital Trust
images

Dec 10, 2016

03:57 AM EDT


  • New York close
  • London close
  • Tokyo close
  • Sydney close
Market Analysis

Home » Silver » SILVER (XAG) Short-Term Elliott Wave Analysis – July 01, 2015

SILVER (XAG) Short-Term Elliott Wave Analysis – July 01, 2015

Posted by EWF in Silver - July 1st, 2015 12:59 am GMT

chart1

The decline from wave X at 16.46 is unfolding in double correction (w)-(x)-(y) where wave (w) ended at 15.5, wave (x) ended at 16.05, and wave (y) is in progress towards 14.85 – 15.08. In our Chart of The Day 6.30.2015, we said the internal of wave (y) is also taking the form of a double corrective structure w-x-y where wave w is in progress towards 15.31 -15.45, then it should bounce in wave x before the decline resumes. Current Elliott Wave view suggests that wave w has ended at 15.46 and wave x has ended at 15.88. As far as 16.46 pivot stays intact, expect silver to continue the decline lower.

If you would like to have an access of EWF analysis in real time, click here and feel free to join us. We provide Elliott Wave charts in 4 different time frames, 2 live webinars by our expert analysts every day, 24 hour chat room support, market overview, daily and weekly technical videos and much more.

Share!Share on FacebookTweet about this on TwitterShare on LinkedInShare on Google+

No comments yet.

You must be logged in to post a comment.

Forex, Commodities, Indices

Daily Updates

Daily Updates


Get the latest fundamental analyses, technical analyses and the most up-to-date Forex news catered to your interests, everyday.