Ewj: elliott wave

Silver's Wave V]V)IVc]5) is not a failure, last low = $16.85 .
There may be some rebound as wave :4 before going DOWN to $16 as Wave 5)5.3:5.
Wave V]V)IVc]5)5.5 may end near $14.0
Silver rebounded as wave :4 as expected to $17.82 .
And went DOWN as Wave 5)5.3:5 to $15.12 .
Wave 5)5.3:5 may end near $14.9 - $14.6.
There may be a rebound as Wave 5)5.4 to $17.82 .
Wave V]V)IVc]5)5.5 may end near $14.0
 

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Silver rebounded as wave :4 as expected to $17.82 .
And went DOWN as Wave 5)5.3:5 to $15.12 .
Wave 5)5.3:5 may end near $14.9 - $14.6.
There may be a rebound as Wave 5)5.4 to $17.82 .
Wave V]V)IVc]5)5.5 may end near $14.0
Silver fell as low as $15.04 then rebounded, almost touch $14.9 target.
There may be another wave DOWN to $14.9, or may not.
Wave 5)5.4 may go UP to $17.82 .
Wave V]V)IVc]5)5.5 may end near $14.0
 

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Silver fell as low as $15.04 then rebounded, almost touch $14.9 target.
There may be another wave DOWN to $14.9, or may not.
Wave 5)5.4 may go UP to $17.82 .
Wave V]V)IVc]5)5.5 may end near $14.0
Silver reached $14.0 target (low = $14.15) .
 

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Gold fell to $1137.1 where Wave v is a little longer than Wave I.
Next may be a fall to $1120 where Wave :5 equal to Wave :3 or
to $1105 where Wave v = Wave iii .
After Wave :5 ends, there may be a rebound to $1255.
Gold's Wave IVc]5)3.3:5v might have ended at $1130.40.
Wave IVc]5)3.4 rebounded as an a-b-c to measured move level at $1,221.00.
This might have ended or may continue up to $1,240.
Wave IVc]5)3.5 may go DOWN to $1,090 or $1,026.
 

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$USD has been moving sideways for quite some time as expected now.
Next may be a new high to 87.45 or 88.6.
Larger measures may send $USD to 91.2 or 92.0 .
$USD passed 88.6, may be heading to 91.2 or 92.0.
A shorter measured move near 90.
 

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  • 1208$USD_going_to_91.jpg
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Wave V\IV)C3]3)5 = Wave 3)1-2-3 so measured move target = $79.7 .
Crude Oil low = $80.01 .
Candlestick Hammer closed near 61.8% retracement.
There may be a rebound as Wave 4) to near $91,
or Wave 3)4 to near $85.8 .
Wave 3)5 target may be $75.3 = "Big M" pattern target.
Wave V]V)IIC5] or V]IV)C3]5) target may be $50.
Wave V]IV)C5] target may be $32.7
Wave V]IV)C3]3)5 fell pass $75.3 to $73.25 then rebounded to $77.83.
Wave V]IV)C3]5) or 3]3)5.3 fell as parabolic to $53.60,
then rebounded to $57.15.
Wave V]IV)C3]5) may has one more sub-wave DOWN to $50.
Wave V]IV)C5] target may be $32.7.
 

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$USD passed 88.6, may be heading to 91.2 or 92.0.
A shorter measured move near 90.
$USD fell from 89.55 to 87.63 then rebound to 89.65.
90 target was almost reached.
Next may be 91.2 or 92 target.
 

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Gold's Wave IVc]5)3.3:5v might have ended at $1130.40.
Wave IVc]5)3.4 rebounded as an a-b-c to measured move level at $1,221.00.
This might have ended or may continue up to $1,240.
Wave IVc]5)3.5 may go DOWN to $1,090 or $1,026.
Gold rebounded to $1239.90 then fell.
Wave IVc]5)3.5 may go DOWN to $1,100 or $1,040.
 

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