felixgodwin

silver is about to go down

Short
CURRENCYCOM:SILVER   Silver
according to Elliot wave principle, silver just finished a WXY correction with a 5 wave as wave Y, which terminates at 23.514 and which is exactly 0.618% of the preceding wave and wave Y is just 0.628 points away from 22.912 as 1.618% of the projected wave W, expanded to wave X, where wave Y terminates @ 23.514 of the correction. and on the smaller degree, wave 5 of wave Y terminates at exactly 23.514 which is .618% of the net price action movement of wave 1&3 which indicates the completion of the fifth wave.
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