Charts

A new charting thread that Joe and Protaganist cannot see as long as everyone replies to me @PhillW when posting, because they do not deserve to have access to subscription updates that cost me $2K a year. Anyone I believe that is feeding the above people information from my posts I will place on ignore and they too will not see any further updates.

If you believe EW is crap, well that is your prerogative, but if you do not know what ending diagonals, leading diagonals and zigzags are then your beliefs are founded on uneducated beliefs. One thing that confuses people is they get confused with wave counts with and without brackets. In this case we are waiting confirmation that wave ii in green has actually completed to the downside which can only be 100% confirmed if green wave (i) high is broken to the upside after green wave (ii) correction. Hence the blue box and green arrow above $26.

Latest update from AVI. The chart posted is self explanatory. Until we get the 5th wave up to complete green wave (i) then there is a possibility that green wave ii has not completed and the silver price is following the yellow wave count which could take silver down to $18 area to complete wave 5 of green wave ii. If we get one more impulse wave that takes out the highs of the last 2 weeks (depicted with green wave 3) and price rallies towards $25, then we have the first evidence that green wave ii has bottomed and wave (i) of (iii) has completed. The blue box at $26 depicted by a green arrow to the side is confirmation that the bullish wave (iii) of iii is in progress. PM stocks should see significant increases, possible multiples of hundred percent before wave iii completes.

My thoughts are that from memory, PM's always put in a higher low in November and then rally into Feb/Mar/Apr. So seasonality is on PM's side. The target for completion of wave iii is $34 to $39 area from memory.