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Silver, Oil, & Stk Mkt: Big Waves In Playcaptainewave Dec 8, 2024 Silver:
*iii* = 1.618*i* = 45.75. Within wave *iii*, we have now adjusted our internal wave count to suggest that we completed $i$ at 35.08 and we are now falling in wave $ii$, which has the following retracement levels: 50% = 30.79. 50% = 32.42 We are still short of our retracement zone for wave !b!, so we still expect higher prices in the days ahead. It could be possible that all of wave $ii$ is nearing completion, perhaps at the 29.75 low. Analysis: Wave i ended at the 103.65 high and we are now falling in a lengthy and complex wave ii correction. Within our second three wave abc pattern, wave a ended at 67.71 and wave b at 87.67. We should now be falling in our second wave c, which looks to have become an ending diagonal triangle formation. Within our second wave c ending diagonal triangle formation, wave $iv$ looks to be complete at the 78.46 high. Our retracement levels for all of wave ii are: After wave ii ends, we expect a very sharp rally in wave iii. Analysis: We are working on the assumption that wave -iv- ended at 5402.62 and we are moving higher in wave .iii. of -v-, as shown on our 60 Min SP500 Chart, which has an updated projected endpoint of: .iii. = 2.618.i. = 6795.68! $iii$ = 1.618$i$ = 6450.65. We expect higher prices as wave $iii$ of .iii. of -v- continues to develop, and then morphs into what could become the biggest blow-off stock market top of all time! Trading Recommendation: Stay Flat. Risk: captainewave.com is an impersonal advisory service and, therefore, no consideration can or is made toward your financial circumstances. All material presented within captainewave.com is not to be regarded as investment advice, but for general informational purposes only. Trading stocks does involve risk, so caution must always be utilized. We cannot guarantee profits or freedom from loss. You assume the entire cost and risk of any trading you choose to undertake. 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