TVC:SILVER   CFDs on Silver (US$ / OZ)
Since 5-6 weeks I became a great fan of Elliott Waves theory. However i'm pritty new in this. So I would appreciate ctiticism. ctiticism.
Here is a complex corrective structure ABC - connection to X and Elliot descending triangle corrective pattern. If I am right about that there is next IMPULSE in development.

IF the current move breaks the triangle and goes at least 1-2 pips abouve the D point, than i would wait for wave 2 , which shall retrace wave 1 less than 100% and i would BUY.
Long term orientation - holding potentially for an year with moving SL.

Initial SL 15 or NO SL for those who can afford. Target 1 -20 USD , Target 2 - 30-35 USD!
If the current move does not break the triangle i'm wrong therefore!

REMARK: I totally don't have a clue if the IMPULSE will develop the way it is displayed. The essense here is the 2 wave which could confirm a start of an impulse and opportunity to jump on the train early in the state of development of wave 3.
Comment: I consier this 1st wave to be valid, becasue of the close of the 4h candle at 17.25 yessterday. Though i was expecting this wave to end at least 20 pips higher, now I'm wating for retracement to a zone between FIB 50 and 618.
I will be stalling for buys....
English (UK)
English
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体中文
繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out