Confident that amplify junior silver miners etf-Silj (one-day) elliott wave technical analysis
Sunny chart
Function: Main trend.
Mode: Motivation.
Structure: Impulse.
Position: Waves [iii] Navy.
Directions: Rally.
Details:
-
Wave 3 is close to entering the strongest part of the impulse: the third in a third of a third wave.
-
This step will follow after completing the current wave region (II). A final correction of three waves on the downside is expected to end the wave (II).
-
When the wave (II) is completed, a strong rally exceeds $ 15.17 high should start.
Invalidation Level: $ 11.57
Confident that amplify junior silver miners ETF-SILJ (four-hour) elliott wave technical analysis
Time -Reason chart
Function: Main trend (minor degree, gray).
Mode: Motivation.
Structure: Impulse.
Position: Wave (III) of [iii].
Directions: Uptrend.
Details:
-
Silj is now entering the long -awaited phase of the rally.
-
The current move is expected to be strong and almost perpendicular to behavior.
-
The wave (III) should easily surpass $ 14.50 high and continue moving higher.
-
Entering points and cessation levels are given to the chart.
-
Invalidation Level: $ 11.58.
Conclusion
The summary of Elliott's Wave review for Silj is:
-
Silj is continuing its rally and now uptrend is aged.
-
This point is important for entrepreneurs who aim to move along with the trend, not against it.
-
The level of $ 11.58 remains the main point of invalid for the Bullish scenario.
-
Following the principles of Elliott Wave and monitoring the levels of improper steps are important steps to effectively properly trade risks.
Confident that amplify junior silver miners ETF – Sillj elliott wave technical analysis [Video]
