Its still 3-3-5 expanding Flat, as mentioned in comment.
Refer here. elliottwave.net/educational/basictenets/basics3.htm In quotes: "In a rare variation on the 3-3-5 pattern, which we call a running flat, wave B terminates well beyond the beginning of wave A as in an expanded flat, but wave C fails to travel its full distance, falling short of the level at which wave A ended. There are hardly any examples of this type of correction in the price record"
Irrespective of that C breached A making expanding flat than Regular flat.
Komen
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Pre FOMC cliffhanger.
Komen
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The extension of fall has almost violated all supports, hinges on last trend line.if this one breaks then 2016 low is in threat. However, I would be holding my buy and look to average at lower levels. do needful as per your money management. I would keep posting all detailed views on this posted ideas. Stay aware.
@robus Is it over in silver? We going to fall more from here? Thanks
robus
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@danrindia, We are lurking on last TL offered by 2016 low, if its violated I see deeper correction. daily TF is bottomed, however weekly RSI is not helping us to get nice bounce.
bilk29
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buy ?
robus
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@bilk29, wait for strong candle finish on 4hr. I am already in buy
@ShakeelAhmad, @ShakeelAhmad, Dear, this remains buy based on risk/reward strategy. I don’t suggest stop losses on charts. it depends on your account size and entry. if idea is about to fail then we will see bear flag on lower time frame first, until then it has buy setup. like this.
if you have more question, please ask in detail. I cant understand one word questions.