$EXK | Endeavour unfolds wave ③ with the highest beta in the sector
Endeavour Silver completed its corrective wave ② at the 2024 low around 5.95 and is now advancing in wave ③, the most powerful impulse of the cycle. After the first leg higher, price is correcting in an orderly way toward the 23.6% Fibonacci retracement around 8.39 without losing the structure.
The count remains intact. Price is holding above the Ichimoku cloud, and the PMO is rising with no exhaustion divergences. As one of the highest-beta names in the sector, its potential upside is also among the most explosive.
The extensions outline the roadmap: 100% at 25.55, 161.8% at 62.81, and much higher if wave ③ extends. The ascending channel, drawn on a logarithmic scale across the entire impulse, defines the theoretical upside boundary over the next 6, 18, and 30 months.
This is not a fixed price target. It is the upper limit of the move, valid only as long as the slope holds and the width of the channel does not expand. Whether price reaches that ceiling on a specific date depends on one thing: the speed of the rally. If it rises slowly, it respects the channel. If it accelerates, it breaks above it.
Structure leads. The calendar adapts.
Trends build wealth. Judgment protects it.
BroadLuis | Miner Alpha Lab ·
@BroadLuis
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