Respect Nature

Monday, May 19, 2014

Silver

Silver : Preferred view is  that metal has completed a cycle from 22.17 peak i.e. wave “W” as a triple corrective structure. Wave “X” bounce is in progress and can reach as high as 20.47-20.87 before the decline resumes.  Short-term, wave B low appears to be in place at 19.23 and metal is expected to turn higher in wave C. Only below 18.74 low would suggest wave “X” ended already at 19.98.

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