sub wave {d} & {e} of yellow B are bit small, but a sharp reversal would increase the odd that this could be a valid wave structure
Trade active
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initial short position active
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the short-term pattern actually looks like bullish flag
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but silver's pattern looks like another small decline to complete triangle sub wave (d)
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If gold & silver are forming different types of wave {b} (other than triangle), it is still possible to see another wave (c) of {b} exceed the wave (a) of {b} extreme. If sub wave (b) of {b} is a flat, we should see an motive wave c to end it. if sub wave (b) of {b} is a triangle, we should see more sideways.
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potential pattern illustration for silver
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break-even my initial position & wait for further corrections
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running flat B wave done?
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bearish assumption
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4 hours chart looks like wave {iv} correction but if gold do bottomed at the recent low of 1236.37, it may be further developed to another double zigzag W-X-Y for wave (D)