Silver / U.S. DollarShort
Warning: Bearish Triangle Breakout below $15.274 is Imminent
The large bearish triangle which has developed since November 2014 appears to be on the verge of breaking through its lower threshold (that is the level of the bottom of its "B" wave at 15.2740): A smaller triangle has evolved over the past few days which is implying an initial thrust downward to just below 15.2740. Once that lower boundary is breached, the remainder of this impulse wave will ultimately seek its way down to the larger triangle's target of $13.5930.
There are also other indications that $13.593 may not be the lowest final target in the silver bear wave either.
There are also other indications that $13.593 may not be the lowest final target in the silver bear wave either.
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