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Trust Amplify Junior Silver Miners ETF – SILJ Elliott Wave technical analysis [Video]

By: bitcoin ethereum news|2025/05/07 21:15:02
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Trust Amplify Junior Silver Miners ETF – SILJ (one-day) Elliott Wave technical analysis Daily chart Function: Major Trend. Mode: Motive. Structure: Impulse. Position: Wave [iii] Navy. Direction: Rally. Details: Wave 3 is close to entering the most powerful part of the impulse: the third of a third of a third wave. This move will follow after the completion of the current wave (ii) retracement. A final three-wave correction to the downside is expected to finish wave (ii). Once wave (ii) ends, a strong rally surpassing the $15.17 high should begin. Invalidation Level: $11.57 Trust Amplify Junior Silver Miners ETF – SILJ (four-hour) Elliott Wave technical analysis Hourly chart Function: Major Trend (Minor Degree, Grey). Mode: Motive. Structure: Impulse. Position: Wave (iii) of [iii]. Direction: Uptrend. Details: SILJ has now entered the most anticipated stage of the rally. The current move is expected to be strong and nearly vertical in behavior. Wave (iii) should easily surpass the $14.50 high and continue moving higher. Entry points and stop-loss levels are provided on the chart. Invalidation level: $11.58. Conclusion The Elliott Wave analysis summary for SILJ is: SILJ continues its rally and the uptrend is now mature. This point is crucial for traders aiming to move with the trend, not against it. The $11.58 level remains the key invalidation point for the bullish scenario. Following Elliott Wave principles and monitoring invalidation levels are essential steps to manage trading risks effectively. Trust Amplify Junior Silver Miners ETF – SILJ Elliott Wave technical analysis [Video] Source: https://www.fxstreet.com/news/trust-amplify-junior-silver-miners-etf-silj-elliott-wave-technical-analysis-video-202505071102

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