Friday, April 26, 2013

Elliott wave analysis of Silver - It was a b-wave triangle

Silver

Just a brief follow-up on my post on silver from yesterday. It turned out that the triangle was a b-wave triangle, which called for wave c higher. One of the benefits of triangles is, that one knows that they always foresay the final move in the direction of the trend, which in this case was  a move higher in wave c and then we should see the next move lower in blue wave v and red wave iii.
So stay tuned for blue wave v down to at least 21.28 and more likely 20.35.  

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