DowJones did not print the right-looking 5th wave in (1) and started to slide. Without revisiting wave 1 the upside is still on the cards, but chances of the main getting invalidated are increased. Will the upside then end up being a simple correction?
Loonie plummeted to $1.27 against the dollar yesterday, leaving a low-in on the pair down near $1.25. With wave 2 complete, the upside is likely to continue now, but short-term price action needs to see at least $1.2780 recaptured.
Silver seems to have completed its wave (iv) of the ending diagonal, but note the downward price action is not convincing of an impulse. Losing $21+ will increase the chances of further deceleration towards $20/oz and even lower.
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Daily Elliott Waves Forecast: DOW, USDCAD, SILVER (10.06.2022)
DowJones did not print the right-looking 5th wave in (1) and started to slide. Without revisiting wave 1 the upside is still on the cards, but chances of the main getting invalidated are increased. Will the upside then end up being a simple correction?
Loonie plummeted to $1.27 against the dollar yesterday, leaving a low-in on the pair down near $1.25. With wave 2 complete, the upside is likely to continue now, but short-term price action needs to see at least $1.2780 recaptured.
Silver seems to have completed its wave (iv) of the ending diagonal, but note the downward price action is not convincing of an impulse. Losing $21+ will increase the chances of further deceleration towards $20/oz and even lower.
Trade with an award-winning broker! Lowest spreads on the market for Forex, Precious Metals, Energies. No re-quotes, no rejection of orders & instant withdrawals.
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