Timing Silver Entry ... Breakout Now or later

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Here we are, the point of intersect. Silver             has been supported by a multi-year support/resistance area, and is about to run into a weaker bearish descending resistance. In the near term (previous 6 months), the chart has set up a double bottom pattern. To be more exact, we classify this pattern as an eve-eve double bottom pattern. Double Bottoms are very reliable patterns. Failure rate is around 25%. Double Bottom Eve-Eve Pattern measured breakouts are computed by subtracting the previous high (~$23.85) from previous bottom (~$17.75) = $6.09 and than multiplying the % gain (34.28%) = $2.09 to the previous top (~$23.85) = =$25.94 for a Double Bottom Eve-Eve measured move.

I am not an Elliotician by any means, but I did give a try at counting silver's 1-5 corrective wave (A). What I concluded was a 5th wave failure, for both Major and Minor 5th waves. 5th Wave failure's often than not have very quick B corrective reversals. If we take both, double eve-eve bottom pattern, idea of a 5th wave failure, and the multi-year support breaking the weaker bearish descending resistance, we have a very good chance at seeing a breakout in the very near term.

I did place two variable breakouts. Silver             could breakout tomorrow, given we are very near the bulls support foundation. We could also hold-off a few more weeks and tighten up even more until we reach the point of intersect, where something has to give. I also noticed that Silver             has been running a descending parallel fib channel (even more pronounced on the XAGUSD             chart). These Fibonacci channels could be future support/resistance lines to look for if and when we breakout. I additionally added fib lines with fib extension/retracement from the previous low (our foundation at $18.25) and our Double Bottom shelf high ($19.85). Fib extension/retracements can also serve as futures support/resistance areas. These fib lines will help us, if we want to look for new entries or exits.

Picking a point of entry getting more difficult with volatility increasing.
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Looking for the option price multiplier
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QuantitativeExhaustion QuantitativeExhaustion

Second chance opportunity, don't want to miss this. Volatility barely budged.
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Missed the explosion.
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I have been watching this TKO line for awhile. 20.22 is the make or break line XAGUSD
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