Wednesday, December 14, 2011

Silver - Hit Target - 3rd Bottom

Silver hit the anticipated downside target this morning.  The symmetry suggests that the 3rd bottom is a significant bottom with a strong rise to follow.

A rise from point 3 to point 4 should be steady with few dips.  A top is anticipated at approximately $37 on the Silver futures (point 6).  Point 6 is anticipated to be a higher high than point 4.      

2hour Chart


  1. What about the head and shoulders playing out currently on the daily?

  2. selling pressure on gold is unbeleivable. It has been crushed since breaking below 1730, and still no nig buying stepping in.

  3. There are always multiple patterns in the mkt at any one time. Ignore the H&S on Silver, because there is a very bullish, much larger Silver pattern that just set up.

    Let me show this chart to explain.

  4. Nice blog good information about market I really appreciate your post and you explain each and every point very well.Thanks for sharing this information. And I will love to read your next post too and most welcome MCX Gold Today MCX Silver Today

    Thank and Regards

    MCX Crude Oil Today