Madbutcher great charts. Love your Elliotwave chart..
Silverlake I believe will form a series of wave 4 corrections of triangles or flags a,b,c corrections call them what you like.
Say recent top at 59c back to 53 cents ,Take the difference 6 cents add to top of 59c to get your next target 65cents(end of 3).
Then larger triangle correction say 65 back to 56cents .difference of 9 c added to 65 (a mirror image of wave that can be seen on chart correction of March 2017) to give double top of 74 cents approximately to finish wave larger wave 3.
Then another long winded sideways corrections(multiple weeks/ months )before finally breaking through top to target of 96c to $1. This area is in fact resistance from chart top date August 2013 which makes sense.
Again correction before breaking though $1 for more fun and games.
Good to trade if that's your preference.
Hope you can make sense of my gobally goop.
SLR Price at posting:
56.5¢ Sentiment: Buy Disclosure: Not Held
