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Tuesday, November 24, 2015

Silver $ Chart : Time Frame Fortnightly Update # 2

IMHO, Silver looks at the fag end of (B) with low of 13.915 on November 23, 2015 {79.25% of (A) done} & likely to get support from TL from 5.52-8.41 rising projection around 13.6  ; let us watch for termination .

Here is a closer views in a 150 candles from same Data : a wedge & triple bottom is being observed



In the next chart, we are viewing moves more closely in 12 hourly chart; notice wedge break down from 17.77 to 13.97 was retraced to the extent of 62.7%  at 16.356 , and subsequently made a lower low at 13.915. Let us wait price action.