Thursday, May 21, 2015

Silver carving out and B triangle ...... with a breakdown coming??????

Silver in a B wave triangle?
silver looks to be in a 4th wave down of a b triangle to end at 1582-83 then a small rally up in a 5th wave a-b-c pattern and back down to a thrust out of the triangle to end at 1270-1275.

orange juice.... 1 more leg down to touch new lows and then spring back?

Sept orange juice " contracting ending diagonal. "
Orange juice looks to be putting a text book contracting ending diagonal with wave 1, wave 2 wave 3 complete and working on the 4th wave with a 5th and final wave down to come that should go no lower than 10684 on the final push down. after complete we should see a immediate upward thrust back toward 12840 and possibly higher. an invalidation would only occur if prices break above the 12190 level and below the 10684 price. A break above 12190 would change the count to a wave 1 wave 2 with the 3rd wave to come.