WallStScalper
Short

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

FX:XAGUSD   Silver/U.S. Dollar
930 1 1
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 pan 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
Wall St Scalper
A close up on wave 4 and beginning of wave 5
UPDATE! ON ROLLS ROYCE SILVER GHOST DONE WITH WAVE 4 PENNANT
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