Last buy in silver didn't work out. Here's my working thesis assuming we get a corrective bounce soon. I had thought this could be a 4th wave off of the early June low, but too deep now. Going with a truncated wave 1 of (3) until proven otherwise. Not catching the knife here, just looking for a possible set-up to trade long again.
Since I don't see anything impulsive looking initiating the move down off the summer's highs I'm giving bulls benefit of the doubt.
Since I don't see anything impulsive looking initiating the move down off the summer's highs I'm giving bulls benefit of the doubt.
