Silver $XAGUSD Short-term Elliott Wave Analysis 2.26.2016

Short term Elliottwave structure suggests rally to 15.953 ended wave (3). Wave (4) pullback is unfolding as a triangle where wave A ended at 14.89, wave B ended at 15.57, and wave C is currently in progress. Internal of wave C is unfolding as a double three where wave ((w)) ended at 15.15, wave ((x)) ended at 15.318, and wave ((y)) of C is expected to hold 14.897 for another turn higher in wave D. The triangle idea remains valid as far as wave (A) at 14.897 stays intact.

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