Silver - Is testing important resistance at 18.51

Silver - Is testing important resistance at 18.51  

Silver is trying to break above the Inverse S/H/S bottoms neckline near 18.00 and more importantly above resistance at 18.51 and if the later is broken too, then a rally towards the measured S/H/S target at 22.05 should be expected as a minimum, but this rally could easily extend higher towards 25.10. 

The Inverse S/H/S neckline at 18.00 will now shift from resistance to support and will ideally protect the downside, but only a break below support at 17.52 will question the break above the neckline. 

Duane
2018-03-03
Hey EWS,

I just wanted to thank you for posting your charts. They are of great help to me. Your charts are a great teaching aid for learning Elliott Wave.

Duane
Tommy
2015-02-26
Great call on nat gas

Just wanted to drop you a note to say great call on nat gas as it held 2.67

Great job.

Tommy
Thomas
2014-08-11
Sublime Counts!