Elliot + Fib (0.382)(0.786)
So as you can clearly see, Silver supporting (0.382) base on corrective wave 2 and also tends to support (0.786) base on corrective wave 4.And that is kind of interesting.Why is it interesting? As (0.382) is 1 level above than (0.5) and (0.786) is 1 level below than (0.5). So we can say its following change in shift of Fib Retracement. If it is correct then from this area we going for Elliot 5th Wave.
I personally do not think 4th corrective wave will come down to (0.786) base as it will eventually will be a sign towards downtrend in market and that (0.786) base is round about at 15.40000.
On 1 Day Silver , it also shows relationship on corrective wave 2 it follows (0.5) base whereas on corrective wave 4 it (till now) it follows (0.5) base.
You can check 1 Day analysis on my profile.
Any type of constructive criticism will be appreciated :D
I personally do not think 4th corrective wave will come down to (0.786) base as it will eventually will be a sign towards downtrend in market and that (0.786) base is round about at 15.40000.
On 1 Day Silver , it also shows relationship on corrective wave 2 it follows (0.5) base whereas on corrective wave 4 it (till now) it follows (0.5) base.
You can check 1 Day analysis on my profile.
Any type of constructive criticism will be appreciated :D
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