Be prepared for a massive rally
SIlver $27.94
Elliott- the ABC correction is a zig zag. In my view it is complete.
Fib - taking support at 38.2% from a higher swing is strength.
RSI- the oscillator back to its previous support is a confirmation of the strength.
Note - the angle of the trendline has been derived from the 2004 lows which respected the most recent highs as well as the highs in 2020.
Conclusion - the precious metal is all set to make new highs. the strength here further confirms my view of a weak dollar ahead.
Elliott- the ABC correction is a zig zag. In my view it is complete.
Fib - taking support at 38.2% from a higher swing is strength.
RSI- the oscillator back to its previous support is a confirmation of the strength.
Note - the angle of the trendline has been derived from the 2004 lows which respected the most recent highs as well as the highs in 2020.
Conclusion - the precious metal is all set to make new highs. the strength here further confirms my view of a weak dollar ahead.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.