A battle is being fought to stay above the 0 level on the MACD, another series on increasing positive ticks on the histogram is expected as silver / gold metal prices continue their uptrend.
Very interesting the Fib relationships with this impulse. Even the Fib Fan matches up relatively well.
With The wave 2 prediction at 3.18 coming within 1 cent of the actual value, wave 3 prediction should be a good measure of future price target.
Below is the three highest probability targets for GPR.TO (Great Panther Resources)
Using these targets with the fib fan, possible paths can be predicted.
Based on the website here: http://www.terminusa.com.ar/EWT/EWT.php
The above version is a Google docs based calculator soon to be available on marketscheming.blogspot.com
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