The key to this count is the concealed (WXY) wave , which none sees. Under this count we're going to see only marginal upward movement to finish wave b and then plunge in wave (Y) to complete the abc from 2011.
This is a long term Elliott Wave count. There is nothing complicated about it, it's very straightforward(textbook EW). The trend is reaching its peak and should resume it downward direction after multi-year advance in cycle degree wave IV.
Gold is completing an abc correction form the recent top and will resume its downtrend to about $1250 in final wave c to complete its decline from 2011. I do not think that the recent advance is an impulse that will ultimately take us to new highs, but rather a corrective abc structure that will soon pan out.
WTI is in the process of completing an ABC up move to end wave IV of 5. The final C wave is an ending diagonal that will end or has already ended. The next move is down to complete the longer deflationary cyclical wave from 2008.
I can't find complete impulsive wave of the last low of about 17.40 to 18.20? All I see is 3-3-5 zig-zag. How is silver going to move up of this to much higher level? Yet silver stocks are making insane moves. I could be wrong, but I just don't see it. Regardless, if this was an impulsive wave, it would be some kind a...