SILVER: A-B-C Wave 4 Double Bottom
Silver appears to have finished its Wave 4 correction with a double bottom pattern. Today's down-move is likely a fake-out caused by uncertainty surrounding tomorrow's (1/12) inflation data. I expect the data will be bullish and drive FOMO buying pressure across markets.
According to the fractal from the 1970s (scaled to fit), tomorrow's inflation data could cause Silver to begin a Wave 5 blow-off top, peaking at $42.
Tomorrow should be a pivotal day!
According to the fractal from the 1970s (scaled to fit), tomorrow's inflation data could cause Silver to begin a Wave 5 blow-off top, peaking at $42.
Tomorrow should be a pivotal day!
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