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Elliott Forecast

Eric Morera

Elliott Wave View: Silver Buyers Should Appear Soon

March 15, 2022 By

Short Term Elliott Wave View in Silver (XAGUSD) suggests the rally from December 15, 2021 low is unfolding as a . Up from December 15, wave 1 ended at 23.43 and pullback in wave 2 ended at 22.01. The metal then extends higher in wave 3 towards 26.94. Pullback in wave 4 is now in progress to correct cycle from wave 2 low at 22.01 before the next leg higher. Internal subdivision of wave 4 is unfolding as a zigzag Elliott Wave structure.

Down from wave 3, wave (i) ended at 25.96 and rally in wave (ii) ended at 26.77. The metal then extends lower in wave (iii) towards 25.38, wave (iv) rally ended at 25.83. Final leg lower wave (v) ended at 25.28 which also completed wave ((a)). Bounce in wave ((b)) ended at 26.06 and the metal has turned lower in wave ((c)). Down from wave ((b)), wave (i) ended at 25.39 and rally in wave (ii) ended at 25.99. Expect the metal to continue lower in wave ((c)) of 4 towards 23.38 – 24.4 area where buyers should appear for more upside or 3 waves rally at least.

Silver (XAGUSD) 60 Minutes Elliott Wave Chart

XAGUSD Elliott Wave Video

Source:-forecast.com/news/elliott-wave-view-silver-buyers-appear-soon/

#elliottwave #trading

16/03/2022 1 EN

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Elliott Forecast

Elliott Forecast

Elliottwave-Forecast.com (by EME PROCESSING AND CONSULTING LLC) was founded in 2005 by Eric Morera. Since inception our company has provided tailored Financial Market Services to thousands of clients. ElliottWave-Forecast has built a reputation on accurate technical analysis and a winning attitude. By successfully incorporating the Elliott Wave Theory with Market Correlation, Cycles, Proprietary Pivot System, we provide precise forecasts with up-to-date analysis for 52 instruments including FX majors, Gold, Silver, Copper, Oil, TNX and major Equity Indices. Our clients also have immediate access to our proprietary Actionable Trade Setups, Market Overview, 1 Hour, 4 Hour, Daily & Weekly Wave Counts. Weekend Webinar, Live Screen Sharing Sessions, Daily Technical Videos, Educational Resources, and 24 Hour chat room where they are provided live updates and given answers to their questions.

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Eric Morera

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