Hi, $XAU and $HUI and the various FX pairs that I follow that have high correlation with PM show that PM are likely to hold ground here and attempt to go back up one more time towards 30-31 Silver. That's how I interpret the PM prospects at the close on Friday
Hi, $XAU and $HUI and the various FX pairs that I follow that have high correlation with PM show that PM are likely to hold ground here and attempt to go back up one more time towards 30-31 Silver. That's how I interpret the PM prospects at the close on Friday
My count shows a 1 complete where you have a 3 top in silver. The push above that point I call a 1 of a larger 3. The two wave off that top(1 of 3) has corrected as one would expect. If my count is correct, we are done with the correction. Interesting that time on the weekly shows corrections following the golden mean ratio. First correction was 1 week, second was 2, and this most recent was 3 weeks. If this continues, the next correction from the 36-40 area should be 5 weeks.
Initially I was calculating the same way. But since Gold and Silver both are pair, and go together, that count doesn't work for Gold. So I am now taking that the current correction will take a little longer, taking silver further down between 26-28 level and then start 1 of the big 3 to start the party.
I like this analysis and the counts presented. Thanks for this analysis.
Hi Ronnie, has silver bottomed at yesterday's low of 28.60 or still more downside yet to come.
Excellent video!!!
Thank you !
Do we still think silver still may pop back above 31? It closed low today.
Hi, $XAU and $HUI and the various FX pairs that I follow that have high correlation with PM show that PM are likely to hold ground here and attempt to go back up one more time towards 30-31 Silver. That's how I interpret the PM prospects at the close on Friday
Hi Ronnie, hope you are doing good. Please let us know if are still in the path to 31 or already the leg to 26 has started.
Hi, $XAU and $HUI and the various FX pairs that I follow that have high correlation with PM show that PM are likely to hold ground here and attempt to go back up one more time towards 30-31 Silver. That's how I interpret the PM prospects at the close on Friday
@@wavemastery1786 thank you Ronnie
My count shows a 1 complete where you have a 3 top in silver. The push above that point I call a 1 of a larger 3. The two wave off that top(1 of 3) has corrected as one would expect. If my count is correct, we are done with the correction.
Interesting that time on the weekly shows corrections following the golden mean ratio.
First correction was 1 week, second was 2, and this most recent was 3 weeks. If this continues, the next correction from the 36-40 area should be 5 weeks.
Can you explain a little more please.
Initially I was calculating the same way. But since Gold and Silver both are pair, and go together, that count doesn't work for Gold. So I am now taking that the current correction will take a little longer, taking silver further down between 26-28 level and then start 1 of the big 3 to start the party.