Friday, April 11, 2014

Silver Elliot Wave Analysis : Still more downside Waiting ??? Sell the rallies ?????

Dear All,
                         We shorted Silver at 47750 levels ......kindly read the update http://abhaymehrotra.blogspot.in/2014/03/silver-elliot-gann-analysis-first.html

We were expecting 3 wave down and silver collapsed respecting our Analysis .......
We posted Silver chart on 20 march ........expectin 3 wave down .....

what happned after that 


We might have completed  Minor 3 wave down of 5 wave down 
Can expect 4 wave to go up ......we prefer to add short when 4 wave finished else we will be trailing our Profits

Plz note we short from quite high levels at 47750  Booked half at tgt of 3 wave at 43300 levels and trailing now 

Kindly chk chart 

We might finish Wave 3 at .200 App if extend can see more deep downside

If 3 done we expect slight bounce from lower levels for 4 wave up 


Our view over all Bearish ...prefer sell on rallies if come 

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Thanks & Regards
Abhay Mehrotra



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