- Apr 18, 2010
- Reaction score
Silver in its minor wave correction, the wave lifted silver from its third bottom at 26.12 to 35.38. A rise of $9.26.
This rise is being corrected at present level, as everyone knows that correction takes place in abc pattern, so following analysis can give us probable level for wave c.
It could be 3.11/4.72/7.83............as per fibo levels. It could be any of this number and result would be
We have three golden number for silver to finish before it start its journey to next upleg of $15.37 or $24.07
On closing basis in daily chart, silver closed at 29.87, with intraday low of 29.23, so A = C that 4.72 approximate.
That means, if 29.87 is not taken in than we have successfully completed minor wave i.