Bearish setup

٦ مايو

I revisited silver futures lately and noticed a double three wave pattern unfolding since Sept 2021 as the 'B' wave. We can break down this 'B' corrective wave as a W-X-Y wave, with W as a flat, X as a contracting triangle and Y as a single zigzag.

I believe this B corrective wave for silver is completed and it should be on the path of an impulsive 'c' wave with a target price of 11 USD region.