I attempt to tie in cycle tops and bottoms with the end of EW moves, therefore my counts are very short term.
I see the move from 18.01 to 20.87 was a 5 wave move however you label it. A 50% retracement is at 19.44 and a 61.8% at 19.10, using spot not futures. On the basis that there are a number of shorter term cycles due to bottom this week, the silver correction is likely to bottom this week.
Hope that clears it up.
I attempt to tie in cycle tops and bottoms with the end of EW...
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