PCMBrokers
Silver
Silver - September 29 , 2014 (EWI)
[Silver] also remains in the same situation as discussed in Friday's STU. Near term, a small triangle (see text, p.49) appears near an end, which should lead to a sharp thrust to the downside. Triangles always occur in the fourth-wave of an impulse sequence, which means they precede the final move in the pattern at that degree of trend. A spike down may complete the selloff from the $21.63 high on July 10. Silver may pierce briefly the $17.28 level and then reverse upward. But there is also the potential for a more substantial short-term selloff. The next target surrounds the $16.30 level. Optimism remains very low and a rally above $18.03 would void the triangle and raise the odds that a more significant countertrend rally is starting.
myforexforums.com/showthread.php/3204-Silver?p=11349&...
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Silver
Silver - September 29 , 2014 (EWI)
[Silver] also remains in the same situation as discussed in Friday's STU. Near term, a small triangle (see text, p.49) appears near an end, which should lead to a sharp thrust to the downside. Triangles always occur in the fourth-wave of an impulse sequence, which means they precede the final move in the pattern at that degree of trend. A spike down may complete the selloff from the $21.63 high on July 10. Silver may pierce briefly the $17.28 level and then reverse upward. But there is also the potential for a more substantial short-term selloff. The next target surrounds the $16.30 level. Optimism remains very low and a rally above $18.03 would void the triangle and raise the odds that a more significant countertrend rally is starting.
myforexforums.com/showthread.php/3204-Silver?p=11349&...
#trader #traderlife #uae #onlinetrading #pcmbrokers #learntotrade #forex #dgcx #dubai #mt4 #broker #brokerage #currency #sell #buy #metatrader #gold