Elliott Wave projections SLV GLD
Here are two computer generated Elliott Wave projections for both SLV and GLD
SLV
We are in a Primary 3 wave up targeting $22.00 for this wave (green numbers)
However we are also in a intermediate (smaller) 2 wave down (yellow numbers) that is targeting around $16.75 This wave has to complete before the Primary wave 3 can reach the 22.00 target.
A move from 16.75 to 22.00 would be a pretty nice move 31.34%
GLD
Again we are in a Primary 3 wave up targeting $140.00 about 11% higher than where we are now.
I don’t know how reliable your software is, but from an EW perspective I sure like seeing those 1-2 1-2 formations