It could also rise further up to the 0.886 fib level where we find another volum level. If so, it it will complete leg 4 of a big .
50MA and 200MA are also beeing crossed at the moment. Possible critical moment of either ways.
Both ways it might go all the way down to the 0,5 / 0,618 fib levels. The confirms this.
Leg v next?
After a Divergence has occured I look for possible trend lines that might be the trigger to do a entry. When the trend line is broken I do the entry straight away. It is very often testing the entry level, and therefore a suitable stop loss is necessary.
Moving Average could also be combined with the Divergence Technique - That gives very good results as well.
I've drawn the divergence technique on Silver below: