menyuken
Short

Silver is facing two SHORT path.

FX_IDC:XAGUSD   Silver / U.S. Dollar
697 1 10
As subject, to my understanding, whatever the price breaks the top or bottom of the triangle. it's time to finish the 2nd corrective wave and start the 3rd corrective wave. So the assumption is that price might fall to the 0.5 level of the 5 impulse waves and finally reach/test the resistance structure between the 0.618 and 0.786 level of the 5 impulse waves after breaking the triangle in order to finish the 5 impulse wave + 3 corrective wave model which created by Brexit.
Comment: Happiness always comes fast, but this time is extremely fast;) The 0.5 level has been achieved within 1 day. So the short term SHORT could take profit now, and SHORT again at 0.618 pull back. For mid term SHORT, we could still hold it until the resistance structure between 0.618 and 0.786 has been reached.
Comment: Two SHORT plans...
Comment: The resistance structure between 0.618 and 0.786 has been reached successfully! Cheers! So for next step, let's wait and see the kindle/RSI reaction in BLUE zone.
I like the longer term fibs drawn on this as well, nice, your chart still stands.
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