Anarchomania

Silver bottom? Maybe not...

FX:XAGUSD   Silver/U.S. Dollar
68 3 0
Alternate wave count (purple):
I'm thinking this wave count in silver             may need adjusting....ie. reducing the current red circled waves by 1 degree. This would turn the current wave 5 (red circled) into wave 3 (purple circle), leaving it with the need to trace out a 4th and 5th (purple) before completing the down correction, which would ultimately represent the completion of waves c, (y), and ii (circled) in that order of degree.
Wave 4 (purple) may even get a bit triangle-ish which would give silver             more time to sync up with gold             (which also seems to have more downside...see link below for gold             count)
DownUnder
6 months ago
that was an unexpected drop
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Anarchomania PRO DownUnder
6 months ago
Not really....just wave 5 beginning. Purple line is just indicative of the wave count...don't read too much into the amplitude, it's just to indicate roughly where we are in the larger trend.
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Anarchomania PRO Anarchomania
6 months ago
Also note that wave 4 could still be underway! It may form a triangle (sideways) in order to give gold more time to reach a bottom. That view would make this current drop wave (b) of an a-b-c-d-e triangle...
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