SILVER Elliott Wave Technical Analysis
Originally published 30th April, 2014.
Price has mostly moved sideways since last analysis. The wave count is the same.
Minor wave B still looks like it is unfolding as a regular contracting triangle.
This wave count expects upwards movement to complete minute wave d as a single zigzag.
Minute wave d may not move beyond the end of minute wave b above 22.224.
If minute wave c continues lower it may not move beyond the end of minute wave a at 18.585.
Overall this wave count expects to see very choppy, overlapping sideways movement for a few weeks yet in an ever decreasing range.