Silver D-3/M-3/Q4/Y? Bearish – Testing $13.50 Mid to late December 2014 (moved)

Wave D-3 Trend Channel

The D-3 channel shows strong negative momentum. Prices have worked their way back to its MLU and looks like a smaller 1.2 already. Shown is the break line until which sub wave formation will occur.

Si D D3 Trend Channel

MAP Forks (forgot - sign)

d-3 was made on the MLL indicating the completion of a cycle, and has over shot the MLU.

Si d-5D-3 d0-1-2

Prices have worked back to the ML at the intersection with d0-1-2MLU

Si d-3D-3 d-1-2-3

Note the increased -ve momentum. There will be wave subdivision and a waterfall drop is expected from early December to first test lows and then make new lows for D-3 around $13.589 by Mid to late December.

Si d-5D-3 d-2-3-4

One Response to Silver D-3/M-3/Q4/Y? Bearish – Testing $13.50 Mid to late December 2014 (moved)

  1. Nikki says:

    It has broken up the D channel, hasn’t it? I’m sure it broke up d-4. Is there any chance that Oct 3 low was D-3, Oct 15 high D-4 & Nov 7 low D-5 & a new up trend has started since? Do you have a weekly chart to show a bigger picture (Quarterly is too big for some details;) Thanks Marc.

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