will this clear 5 waves decline define the larger degree trend in the near future?
will it lead to a sharp zigzag correction that may retrace 50% or 62% of the entire fall?
will it lead to a sharp zigzag correction that may retrace 50% or 62% of the entire fall?
Komen:
Komen:
potential resistance levels are:
70.7% retracement at 16.626
78.6% retracement at 16.677 (also if wave Y circle equal 1.382 times the length of wave W circle)
16.681 if wave c of Y circle equal wave a of Y circle
16.749 if wave Y circle equal 1.618 times the length of wave W circle
previous wave 2 circle ended at 16.717
A solid close below 16.431 would signal further downside potential
70.7% retracement at 16.626
78.6% retracement at 16.677 (also if wave Y circle equal 1.382 times the length of wave W circle)
16.681 if wave c of Y circle equal wave a of Y circle
16.749 if wave Y circle equal 1.618 times the length of wave W circle
previous wave 2 circle ended at 16.717
A solid close below 16.431 would signal further downside potential
Komen:
the top is unconfirmed
Komen:
Komen:
nothing new here, sell after pull back
Komen:
the short-term pattern looks like a triangle, so I am expecting a new low first
Komen:
hard to say wave a is in 3-waves or 5-waves, if in 3 waves it could be the entire correction but usually correction take more time
Komen:
short-term counter trend rally?
Komen:
Komen:
it seems that silver will not give us a flat
Komen:
recent rally seems corrective therefore the near term outlook remains bearish
Komen:
If the above count is right, I would not expect blue wave {v} to go beyond 14.611 as it should not be the shortest wave
Komen:
still bearish
Komen:
wave 5 is underway
Komen:
Could be very close to the end of wave {v} of C
Komen:
maybe like this
'When you have eliminated the impossible, whatever remains, however improbable must be the truth.'
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