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Silver Wheaton Corp. Message Board

  • cowboyinill cowboyinill Jul 25, 2014 2:24 PM Flag

    Now we have a pattern

     

    Okay, we know have a large EW pattern. This large C pattern (down) will now break down (according to my chart) into a final 5 wave pattern. Below will be what I see as the price points of the 5 wave series of the final C leg down.

    Wave 1 (down) - 25.87 - 25.91 (Already has happened)

    Wave 2 (up) - 25.91 - 25.66 (We just hit this target a few minutes ago (we hit 25.65))

    Wave 3 (down) - 24.95 or 24.35 (most likely or lower)

    Wave 4 (up) - 24.95 or 25.13 (Most likely) (These two price points are based on hitting 24.35 listed above)

    Wave 5 (down) - 22.79 (Based on Wave 3 hitting 24.35) (Will adjust price target if Wave 3 hits an extended wave price (meaning we go lower)

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    • Okay, we know have a large EW pattern. This large C pattern (down) will now break down (according to my chart) into a final 5 wave pattern. Below will be what I see as the price points of the 5 wave series of the final C leg down.

      Wave 1 (down) - 25.87 - 25.91 (Already has happened)

      Wave 2 (up) - 25.91 - 26.66 (We just hit this target a few minutes ago (we hit 26.65))

      Wave 3 (down) - 24.95 or 24.35 (most likely or lower)

      Wave 4 (up) - 24.95 or 25.13 (Most likely) (These two price points are based on hitting 24.35 listed above)

      Wave 5 (down) - 22.79 (Based on Wave 3 hitting 24.35) (Will adjust price target if Wave 3 hits an extended wave price (meaning we go lower)

      Corrected version 2.0...lol.

      Thanks for pointing out Sharpie

 
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