Silver has been regaining strong momentum
I attempted to label the waves as best as I could
Estimating we are in wave 3 of 5.
On the Daily chart:
Momentum pushing above Keltner Channels
10/20 EMA cross
Positive PSAR
RSI has crossed above 60
Using Fibonacci extension tool on wave 5
Pulling from Dec 7th as the start of wave 1
to $18.80 end of wave 1 and then pulled to $17.45 as end of wave 2
I am estimating a target at $21.20 at the 161.8% extension
Not shown but I might try to later but I am experimenting with
Fib Time Extensions and Fib Channels giving me a date target of April 15th
From $21.20 I think wave 4 will retrace 38.2% to $19.60 in a ranging behavior
I attempted to label the waves as best as I could
Estimating we are in wave 3 of 5.
On the Daily chart:
Momentum pushing above Keltner Channels
10/20 EMA cross
Positive PSAR
RSI has crossed above 60
Using Fibonacci extension tool on wave 5
Pulling from Dec 7th as the start of wave 1
to $18.80 end of wave 1 and then pulled to $17.45 as end of wave 2
I am estimating a target at $21.20 at the 161.8% extension
Not shown but I might try to later but I am experimenting with
Fib Time Extensions and Fib Channels giving me a date target of April 15th
From $21.20 I think wave 4 will retrace 38.2% to $19.60 in a ranging behavior
הערה
Maybe we make a flat here?הערה
Really hope this holdsהערה
Many incorrect idea'sIf we fall below $16.18 I am selling all my silver
Current thoughts.
Maybe we are still in the correction
Possible Zig-Zag / x / Flat or Triangle? Unsure until we time progresses
הערה
An estimate 
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כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.