WallStScalper
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UPDATE! ON ROLLS ROYCE SILVER GHOST DONE WITH WAVE 4 PENNANT

FX:XAGUSD   Silver/U.S. Dollar
1199 13 2
For the last 54 bars or 378 days Silver             has been in a typical Elliott wave 4 pennant on the weekly chart witch now have panned out.

The pennant shows up as a perfect symmetrical time pattern of 2 times 27 bars or 2 times 189 days.
The last e wave comes perfectly back to the middle of the pennant and is now ready for the 5th wave down.
If the time pattern continue silver             is 2 bars into its 3 period of 27 bars.
The ABCD target gives a possible target of approx.13.787

Right now I'm therefore bearish on silver            

As always - time will show!
Safe trading ladies & gents!
BM
Music at work:
http://open.spotify.com/track/4xak3dYvMKB2HOfSxh4nwc
http://www.youtube.com/watch?v=J1Fz-U8llHA
What a beauty: http://www.classics.com/images04/pb04-04.jpg
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A close up on wave 4 and 5...
UPDATE! ON ROLLS ROYCE SILVER GHOST DONE WITH WAVE 4 PENNANT
Reply
KevinT WallStScalper
2 years ago
How about this one?
Reply
KevinT KevinT
2 years ago
snapshot
Reply
KevinT KevinT
2 years ago
Almost gave up my hope after yesterdays pull back. But it worked out today :)
Reply
Leclaireur KevinT
2 years ago
Buy more!! :)
Reply
KevinT Leclaireur
2 years ago
Pinbar rejection at MA. I won't be keep to be bullish
snapshot
Reply
Leclaireur KevinT
2 years ago
Nothing bearish there. .. it usualy test a few times resistance. .. bullish
Reply
WallStScalper PRO KevinT
2 years ago
Hi! Haven't chanced my mind on the EW-count and the chart above. That goes for gold as well. I'm bearish on both metals. Only a blown out war in Ukraine could make me change my mind.
Reply
WallStScalper PRO KevinT
2 years ago
Ya! That wolf wave made a home run ...nice find.... :)
Reply
mucahit06 WallStScalper
2 years ago
coyote knows this job
Reply
WallStScalper PRO mucahit06
2 years ago
What job is it he knows of ...short trading?
Reply
Rolly Polly nice thesis
Reply
WallStScalper PRO QuantitativeExhaustion
2 years ago
Still right on track for my EW-count for silver
Reply
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