123Tom's TA study group

[123tom]

The Elliot wave pattern for PSLV

5 waves down


Its not uncommon to see 7 waves in the completed pattern. but this latest plunge was pretty steep for a 'wave 5' so I think we could get a small bounce next week for silver, but also some continued pressure looking downward, to finish the year at a bottom zone,maybe even stretching into 2018.

16 silver seemed like a fair target , when it was at 18. now, 16 silver didn't hold, we're looking at 15.50 silver and hey, why not all the way to 15. I'll buy some more at 15...that's ok by me.