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Silver: Elliottwave triangle still in play

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Feb 25, 2016.

  1. Sandra S.

    Sandra S. Forum Member

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    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, wave B ended at 15.57, and wave C is currently in progress. Internal of wave C is unfolding as a double three where wave (w) ended at 15.15, and wave (x) bounce is expected to fail below 15.57 for continuation lower in wave C. The triangle idea remains valid as far as wave (A) at 14.897 stays intact.

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