I'd prefer this thread to address this specific silver count only. I have looked at silver priced in EUR/CAD/AUD/CHF/GBP dollars. If you look at any of these charts you can CLEARLY see large contracting triangles possibly being traced out from major highs registered in early August 2020, and daily and weekly charts suggest wave E could be in its final stages right now, this IMO is about as clear a pattern as one can ask for however that does not mean it has to or will be the correct one. One can argue that silver priced in U.S. dollars made a quick spike to new highs in Jan of this year - but so what? wave "b" of a contracting triangle is allowed to do that and if one using close only charts no new high was registered in Jan. - I think this is keeping most, if not all folks from talking about this possible count, as I have not seen it mentioned anywhere.
In any case basis the U.S. dollar this count is invalidated if silver took out the 23.78 March 30th low. If this count is correct there is likely something like 8 plus pts of upside (widest part of triangle) if a "thrust" higher occurs from whatever wave "E" lows occurs (if it does). This is an exercise in charting and Ewave - lets see how it plays out and as always DYODD
Edited by senorBS, 20 July 2021 - 05:32 PM.