This Pair is clearly currently bearish with the creation of lower highs approaching a monthly support. - Bearish MA Cross - Lower Highs - Rejection off 50% fib level I believe if price can break the monthly support at the pshychological level of 127.000 I see the completion of a possible D leg at around 121.000.
DJ Silver Index seems to be recovering from a leg down plunge.
This looks like it will end up being a nice 3 drives bull channel, and we are near the channel support, and will be looking for a nice bull trend bar or a high 1 pullback entry bar to buy. I was also looking at the possibility of a small trading range (between points B and C). That is also setting up support and will likely have a successful bull breakout. There...