As the bearish expectations;

Under the bearish alternate view on the intraday chart, Silver completed a non-classic triangle as the fourth-wave of the bearish leading diagonal concept, and fell down from the completed triangle at 17.50.

At present, the leading expanding diagonal formation may be completed. And hence, forming the five-waves sequence down from recent high at 18.49, would raise confidence that the trend has turned down.

Leading Expanding Diagonal:

Accordance with the Elliott Wave Principle:

” A leading diagonal can also take an expanding shape. This form appears to occur primarily at the start of declines… ”

Silver - Intraday


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