Subwave (a) of our correction is a leading diagonal, then subwave (b) and (c) follows.
An "abcde" structure gets retraced a 100.0%. We will be watching any "bullish flags" to catch buy impulsive entries to the top.
Price hit the 50.0% fib, retracing the up move
Price has moved "Too far, too fast" and currently on an ending diagonal.
We are in a higher degree wave B of a "regular flat".The pair is now in subwave (C) of wave B of the regular flat.Hence we sell to complete wave B at 100.0% Fib Retracement of wave A touching the lower trendline before buys for wave C. Wave B is a "zigzag {(A),(B),(C)}" as displayed on the chart.
Wave (B) retraced to 61.8% Fib level of wave (A) in three subwaves .We are on Wave (C) that will unfold in five motive subwaves to hit 127.2% Fib extension level if not 100.0%. Wave Analysis+Fibonacci Cocktail.
"Subwave c" of the "zigzag" is probably an "ending diagonal". Safe sells would be on the breakout of the green trendline to the downside. Elliott wave + Fibonacci Cocktail
Price may be forming an "expanding flat" if not a "regular flat". Buy entry on breakout of the trendline on the upper side with targets at 161.8% Fib extension. SL below the corrective structure.
It's right about time we expect a corrective structure of the whole impulsive move on silver.
Everything's on the chart.
Price maybe forming a regular flat or a triangle on the current corrective structure. Safe buys will be on the breakout of the upper trendline with targets at 100.0% Fib Extension.