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Short

Elliott wave analysis on Silver (2016-08-07)

FX:XAGUSD   Silver/U.S. Dollar
Siver finished a five waves up structure.
Pay attention to the rising channel and resistance line
Afterwards it broke down the rising support line last Friday.
It would have a large correction following. The target can go to around 18 if the double top neckline was broken in the following week.
It will be a good short opportunity.

Good luck for everyone!
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