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Silver: Elliottwave structure suggests a triangle consolidation

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Feb 24, 2016.

  1. Sandra S.

    Sandra S. Forum Member

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    Revised short term Elliottwave structure suggests rally to 15.953 ended wave (3). Wave (4) pullback is unfolding as a triangle where wave A ended at 14.89, and wave B is currently in progress. Internal of wave B is unfolding as a double three where wave (w) ended at 15.3, and wave (x) ended at 15.13. While above this level, the metal is expected to continue higher in wave B towards 15.53 – 15.77 area before turning lower in wave C and resume the consolidation. The triangle idea remains valid

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