Silver EW short term
Divergence on the 15 minute chart says we go up a little to consolidate.
Linked is an hourly chart showing why we will fall further still. The higher degree wave iii made a lower low on the hourly, so the bottom of this move is not in yet. I have the remainder of this impulse projected down to mid to upper $15's where the decision will be made if the IV is complete and this decline is the next impulse down toward the bottom or if this is merely (a) of B of IV. I will post again when the
"(a)/1" box is hit
This is a short term long position to around $16.26 for a quick 1% scalp before shorting it back to the box marked "3" Have fun! :)
Linked is an hourly chart showing why we will fall further still. The higher degree wave iii made a lower low on the hourly, so the bottom of this move is not in yet. I have the remainder of this impulse projected down to mid to upper $15's where the decision will be made if the IV is complete and this decline is the next impulse down toward the bottom or if this is merely (a) of B of IV. I will post again when the
"(a)/1" box is hit
This is a short term long position to around $16.26 for a quick 1% scalp before shorting it back to the box marked "3" Have fun! :)
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