Silver

The broad bearish outlook :

Silver has registered a new high to indicate the correction in wave (ii) still remains ongoing.

Counting adjustments :

– The extreme point of leading diagonal (i) from 15.70 to 15.59, and treating of the wave v of (i) in an ending diagonal.

– The anticipated formation of wave (ii) from an expanded flat to a zigzag abc.

Note : An ideal leading diagonal as wave (i), then its significant correction in a clear three-waves as wave (ii). In my view, such development eventually will lead to resume the trend in direction of the leading diagonal.

Silver - Intraday 360Silver - Intraday 600

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