Silver – Road Map _03= $silver
In this Silver Road Map, we track the evolving Elliott Wave structure at a granular level, examining how recent price action is altering short-term probabilities. The focus is on identifying whether the latest moves represent a temporary disruption or the early stages of a more meaningful change in direction.
Silver continues to develop corrective structures, and several scenarios remain in play.
- Red: Waves (ii) and i of (iii) may be complete, with wave ii of (iii) now unfolding.
- Purple: Wave (b) appears complete, with wave (c) developing as a complex corrective structure.
The worst-case scenario remains the red count. A clean and strong impulsive move lower would likely be interpreted as wave iii of (iii). Conversely, a new all-time high in silver would invalidate the red scenario and significantly reduce the odds of the purple count.
History:
=====
