mikebiz

Silver failed impulse wave pattern. Looks more corrective now

FX:XAGUSD   Silver/U.S. Dollar
Silver             failed to move up in what i though was an impulse wave to new highs. Current price action on weekly/daily leads me to believe that action from low is now a corrective wave with (a) complete and (b) in progress. Current price can still drop more with a target of 16.4x. should this play out, i still believe price can go higher but will probably not see heights of original plan. On side until bottom is confirmed

https://www.tradingview.com/x/qmhjdsYa/
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