Elliott Wave Analysis: Silver Recovers From Previous Fall
Gregor Horvat | Jan 23, 2017 04:43AM ET
Silver recovered up to 78.6% of a previous fall from 17.33, but we see bounce in three waves so it's probably a corrective wave B) that belongs to an ongoing corrective decline lower into wave two. Ideally this wave two will revisit 1.650/16.60 levels this week, before we may look higher again within a context of a higher time frame chart.
SILVER, 1H
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