That could be it for wave C . We have our first leg up form the lows expect PB and another leg up where bears will fade the 61.8 and THEN the reaction from there will be key
Possible pathway in silver for bull case needs to accelerate beyond upper limits . I have allowed for deeper pullback but do not want to see lower than 17.38 for bullish case sort medium term
I do not think move down from B high is a 1.2 impulsive move favour triangle countdown yearly S1 is target but think we get IV correction before we complete
Pullback to low 270s looks on cards where we have prior iv and MP
Pullback due negative divergence
Reacted where it had to. The resistance areas marked in red are still important and I am looking to it takes out these ie a moves to 33 and above and holding the 50 -61.8 back would be bearish equities
Ending diagonal for C makes most sense here so wave 5 sold keep below 274
Correction looks over the new high confirming first target 0.9100
I don't think downside is over . Resistance areas shown ,,favours some pullback in equities
We have completed an ABC down and have had an initial 5 wave seq form the lows and are holding the 78.6% retracement . The median line is clear resistance.