Trust Amplify Junior Silver Miners ETF Elliott Wave Analysis - TradingLounge Day Chart

Trust Amplify Junior Silver Miners ETF – SILJ Daily Chart Analysis

Trust Amplify Junior Silver Miners ETF – SILJ Elliott Wave Technical Analysis

Function: Major Trend

Mode: Motive

Structure: Impulse

Position: Wave [iii] Navy

Direction: Rally

Details:
The Elliott Wave analysis for SILJ shows that Wave 3 is nearing the start of its most dynamic phase—the third of a third of a third wave.

Before this major move, a final minor three-wave retracement is expected to complete wave (ii) on the daily chart. After this correction, a strong breakout rally should initiate, likely pushing prices beyond the $15.17 resistance.

Key Invalidation Level: $11.57

Trust Amplify Junior Silver Miners ETF – SILJ (4H) Elliott Wave Technical Analysis

Trust Amplify Junior Silver Miners ETF – SILJ Hourly Chart Analysis

Function: Major Trend (Minor Degree, Grey)

Mode: Motive

Structure: Impulse

Position: Wave (iii) of [iii]

Direction: Uptrend

Details:
SILJ ETF has entered the most critical phase of the ongoing rally, according to the 4-hour Elliott Wave chart.

The current wave structure indicates a powerful upward move, expected to show sharp, nearly vertical momentum.
Wave (iii) aims to surpass the previous high at $14.50 and extend further upwards.

Entry and stop-loss zones are illustrated on the corresponding chart for optimal risk management.

Key Invalidation Level: $11.58

Technical Analyst: Simon Brooks

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Conclusion

• The Elliott Wave forecast for the Trust Amplify Junior Silver Miners ETF (SILJ) highlights:
• SILJ maintains its uptrend, and the rally has entered a mature stage.
• This critical phase offers traders an opportunity to align with the trend rather than counter it.
• The $11.58 invalidation level remains essential for safeguarding the bullish scenario.
• Consistently following Elliott Wave guidelines and monitoring key invalidation levels is crucial for effective technical trading risk management.