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SILVER Elliott Wave Technical Analysis

Originally published 1st December, 2014.

Downwards movement invalidated both daily Elliott wave counts, published two days ago. This Elliott wave count is updated and still expects upwards movement.

Silver Elliott Wave Daily Chart
Larger Image

At 18.430 minute wave iii would reach 2.618 the length of minute wave i. This is close to the 0.618 Fibonacci ratio of minor wave 1 at 18.812. The target may be about two weeks away.

 

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