29 Sep 2020 ● 04:46 AM
SAIL - Value Wave Investment discussion
This is my best take as with all metals. Wave 1 and 2 are done. If not a proper 5 waves up consider a leading diagonal. I will wait for momentum indicators to confirm after which will consider what Fibonacci levels wave 3 goes to. But if the recent low is wave 2 then 3=1 will end up at 72. A 50% retracement in wave 2 is done so far. For those who do not understand what this means. Wave 1 means the first wave of an uptrend within a 1-2-3-4-5 progression long term. 3-4-5- up next are pending. Wave 3 in a normal wave is equal to wave 1 of 161.8% of wave 1 [calculations to be done in % terms]. 100% of wave 1 gives us 72 as a starting level provided 32.65 is not broken.