EWStructures
Long

Silver - Still some way to go

FX:XAGUSD   Silver/U.S. Dollar
186 0 2
The move from 49 to 13 was a wave 2 or B and unfolded as a zigzag and the rally from 13 is impulsive. Wave 1 completed at 18 followed by wave 2 which ended at 15.82. The ideal target for this smaller degree wave 3 that we're currently in is 22.87 (1.618 * wave 1).

Below 18.25 would invalidate this count.
Comment: Correction move from 49 to 13 was obviously not a zigzag as it started with 3 waves.
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