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Weekly Outlook For Silver: February 25, 2014

Published 02/25/2014, 02:59 AM
Updated 07/09/2023, 06:31 AM

Silver 120 Minute Chart
25th February: It looks like Wave iv developed as an ascending triangle ending at 21.51. We have seen Wave a and possibly Wave b also (though allow for minor slippage) and thus we have just Wave c of Wave v to go. This should reach between the 38.2% - 50% projection in Wave v between 22.65 - 23.00. 
 
From there look for losses back to the Wave b of Wave v initially and then lower to the triangle low and below. This should be a Wave [ii] correction and while the depth is not known at this point do keep an eye on the consolidation area marked.

RATIO TABLE:

RATIO TABLE

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