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ETF-Silj (one day)
Daily chart
job: The main direction.
situation: Motivation.
building: batch.
position: wave [iii] Naval.
direction: pool.
details:
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A wave 3 is about to enter the strongest part of the motivation: a third of a third of the third wave.
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This step will be followed after the current re -delivery (II) will be completed. It is expected that the correction of the three -wave wave to the negative wave side (II) will end.
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Once the II ends, a strong height must start exceeding $ 15.17.
Sull level: 11.57 dollars
ETF-Silj (four hours)
The hourly graph
job: The main trend (small degree, gray).
situation: Motivation.
building: batch.
position: A wave (third) from [iii].
direction: The upward trend.
details:
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Silj now entered the most expected stage in the assembly.
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The current step is expected to be almost strong and vertical in behavior.
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The wave (III) should easily exceed $ 14.50 and continue to move higher.
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Entry points and losing levels are provided on the graph.
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Sull level: $ 11.58.
conclusion
the Elliot wave analysis Silj Summary:
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Silj continues to gather and ripen the upward trend now.
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This point is important for merchants who aim to move with the direction, not against it.
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The level of $ 11.58 remains the main nullification point for the bullish scenario.
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After Elliott Wave principles and surveillance nullity levels are essential steps for effectively managing trading risk.
