Just an update to my previous post from Sept 14 regarding XAGUSD Silver. Movements since then seem to continue to confirm to me that we are indeed in a 3-3-5 Flat correction for upside on the larger time frame. I have zoomed in here on Wave C of this Flat, which needs to play out as 5 waves to complete the Flat correction. Right now, within this Wave C, I believe we are in Wave 4 of the 5 waves, which is playing out as a 5 wave Triangle correction. I see a small uptick to around $25 before getting the final leg down to around $21 to complete the larger time frame Flat correction. At that point I want to be positioned in Buy to ride the prevailing trend up.
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A more detailed breakdown of corrective Wave 4 within Wave C of the 3-3-5 Flat: