Silver. Possible demand area @ 15.50-15.75 Long

Silver/U.S. DollarFXCM

Description

⋅ May 30, 2016 6:05 AM

1) EW analysis shows that C= 1.618 * A = 15.75 = 0.5 Fib of whole move up. We are possibly in the last 5th wave down.
2) Trendline support at 15.50

These are potential areas of demand.

Comment

⋅ Jun 4, 2016 8:38 AM

Amazing! Tick to the tick reverse from 0.5 Fib @ 15.799

Silver XAG USD ( Silver / US Dollar)Si1! (Silver Futures)Elliott Wave Trend Lines

Comments

nahidik

⋅ May 30, 2016 7:45 PM

Spot on as I see it.

aibek

⋅ May 30, 2016 8:00 PM

Hi, we are close but not yet confirmed. Falling knives hurt ;-)
Thanks for comment!