FVI, Fortuna.



This stock is fascinating in so much that it lost 1/4 of its value right on target, but then it came right back and actually exceeded its previous high of about $4.75. This, I think, is an irregular b-wave; irregular in that it went a little higher but is still classified as part of a bearish structure. The wedge leading the stock into its top has a truncated (5) wave within the wedge which, combined with the irregular b-wave promises a fairly violent downturn from here.Notice that both the and MACD are turning down for quite some time now.

Silver itself is also displaying some clear signs of fatigue, this at a level that is rather precisely 61.8% of the highs ($55) during the Hunt brothers failed market cornering operation back in 1981.See chart of SLV below;