LOOKS like the PARTY is just GETTING STARTED ... @ PARTY CITY. Adding a few graphic embellishments to this CHART seemed appropriate. SHORT/MID-TERM = LONG. WHATCH for the across the board US-MARKET correction... THEN LONG-TERM = VERY LONG.
KEEP monitoring the DOLLAR and EURUSD price action. They will decide which Path (CYAN or YELLOW) is more LIKELY. A RISE in GOLD will support SILVER
Correction Near Completion. REDDIT USERS may not need (but please continue) to Support SILVER .... as GOLD will PUSH it UPWARD
Over the past year the US-MARKET / S&P500, SPX, SPY has traded in an average or MEAN between the EURUSD and AUDJPY FOREX currencies. Both currencies look like they are completing or about to start a minor correction Also: 1) Indicators show SPX momentum sideways to down scenario 2) Elliott wave count is forecasting a correction, with a strong WAVE-3 (money...
UPDATED ELLIOTT CHART Mid-Term = LONG, Long=Term = SHORT,
NASDAQ Drop to below 12,000 approaching .... looks VERY Likely , Short/Mid -Term = LONG, Long-Term = very SHORT.
LOOKS RIGHT Short-Term = SHORT, Mid/Long-Term = LONG,
LOOKS about right to me, Short-Term = SHORT, Mid/Long -Term = LONG,
Indicators and wave count pointing toward a reversal SOON. Monitor price action
IF PRICE breaks above 1.22, EURUSD is likely to keep going UP
YELLOW PATH = FLAT correction, . ORANGE PATH = TRIANGLE correction, . GREEN PATH = ENDING DIAGONAL, .
See Chart
SEE Chart
UNLESS the dollar does a double correction upward (which is technically possible, and so monitor the dollar price action) , AT this point our preferred path is a typical shallow correction in the US-Markets . Expect Market to continue HIGHER (MID-TERM)
STOP AT 2.355 , Warmer winter weather may dampen rise, therefore take 50% profits at 2.6 and move stop up to purchase price.
Everyway you look at it. Try EFT UNG