Category Archives: Silver – Intraday

Silver

The Bearish outlook :

Silver fell down! in an impulsive wave, and likely as an initial movement of the anticipated third wave.

The outlook is persistently bearish against the 16.73 – as the top of wave (ii). The immediate target is 15.76, where wave i equals the length of preceding wave i of (i).

Silver - Intraday 360-1

Silver

The Bearish outlook :

After retracing to near the Fibonacci 0.618 level at 16.78, Silver has poised to fall in impulsive anticipated third wave…

The outlook is bearish against the 16.73 – as the top of wave (ii). The immediate target is 15.76, where wave i equals the preceding wave i of (i).

Silver - Intraday 360

Silver

The bearish outlook :

Silver has retraced up through near the Fibonacci 0.618 level, in an expanded flat as the corrective wave (ii). The following fall in impulsive wave (iii) to new lows is probably ahead…

The broad outlook remains bearish against the 17.40 where is start point of the bearish leading diagonal wave (i).

Note : Leading diagonals as a directional concept could raise confidence that the current trend in direction of the leading diagonal is persistent.

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Silver

The bullish outlook in short term :

Silver has retraced up through the Fibonacci 0.5 level, in an impulsive wave a of the corrective wave (ii). The following wave b down and wave c up are probably ahead.

The broader outlook remains bearish against the 17.40 where is start point of the bearish leading diagonal wave (i).

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Silver

The broad bearish outlook :

Silver has registered a new low on the diagonal’s trend line, in a thrust down of an interior triangle, likely as extreme point of the bearish leading diagonal wave (i). Subsequently, a three-waves correction up in wave (ii) is probably ahead in the coming days.

Note : A retrace to the 16.21 area could raise confidence on accuracy of the overall pattern.

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Silver

The broad bearish outlook :

Silver seems to have completed the five overlapping waves in a bearish leading diagonal as wave (i). And now, a three-waves correction up in wave (ii) is likely ahead.

Note : A retrace to the 16.21 area could raise confidence on accuracy of the overall pattern.

Silver - Intraday 360

Silver

The broad bearish outlook :

Silver seems to be searching its low as extreme point of the bearish leading diagonal, while is approaching to the anticipated level at 15.65 – an equivalent level of the ongoing wave (i) with the preceding wave (i) of i of circle degree.

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Silver

The broader bearish outlook :

Silver appears to be completing the latest wave of the leading diagonal wave (i), for approaching the equivalent level with the wave (i) of preceding diagonal of one higher degree.

The immediate expected target for extreme point of the ongoing leading diagonal is through 15.65.

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Silver

The broader bearish outlook :

Silver may have completed the leading diagonal wave (i) at 15.95, and now is retracing in corrective wave (ii) – through the Fibonacci 0.618 level at 16.85.

Alt : The leading diagonal as wave (i) is still developing – through the 15.65 level.

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