Here is my EW count for silver futures on 8H candles. This is a bearish scenario having us in a complex wxy correction. WXY corrections are sideways by nature with each wave sub divisible into either a 3 wave corrective structure, or a 5 wave triangle corrective pattern. In our wave W we had a regular flat correction , we had a complex WXY in wave X, and following rule of alternation is it likely that we see a zigzag structure in wave Y. Although it is also possible we see a flat or triangle correction. Also check out my PAAS count which is a gold / silver stock and my gold futures count which align with this count for silver , backing up the bearish scenario.
Comment:
Here is al alternate count with an expanded flat as wave Y:
