The broad bearish outlook :
After pushing to near the Fibonacci 0.618 retracement level at 16.74, Silver now is topping on the anticipated wave c of (ii).
The broad outlook is bearish against the 17.45 – the top of preceding wave ii of minute degree.
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.
The broad bearish outlook :
After falling in impulsive wave i of (iii) through near the anticipated level of 15.76, Silver is likely retracing in a three-waves as wave ii through its Fibonacci 0.618 level now at 16.37. Subsequently, the decline in impulsive wave iii of (iii) of the minute degree third wave will be resumed…
The broad outlook is persistently bearish against the 16.73 – as the top of wave (ii). The broad target is 13.90, where wave (iii) equals 1.618 times the length of wave (i).
The Bearish outlook :
Silver fell down! in an impulsive wave, and likely as an initial movement of the anticipated third wave.
The outlook is persistently bearish against the 16.73 – as the top of wave (ii). The immediate target is 15.76, where wave i equals the length of preceding wave i of (i).
The Bearish outlook :
After retracing to near the Fibonacci 0.618 level at 16.78, Silver has poised to fall in impulsive anticipated third wave…
The outlook is bearish against the 16.73 – as the top of wave (ii). The immediate target is 15.76, where wave i equals the preceding wave i of (i).
The bearish outlook :
Silver has retraced up through near the Fibonacci 0.618 level, in an expanded flat as the corrective wave (ii). The following fall in impulsive wave (iii) to new lows is probably ahead…
The broad outlook remains bearish against the 17.40 where is start point of the bearish leading diagonal wave (i).
Note : Leading diagonals as a directional concept could raise confidence that the current trend in direction of the leading diagonal is persistent.
The bullish outlook in short term :
Silver has retraced up through the Fibonacci 0.5 level, in an impulsive wave a of the corrective wave (ii). The following wave b down and wave c up are probably ahead.
The broader outlook remains bearish against the 17.40 where is start point of the bearish leading diagonal wave (i).
