Silver May Have A Completed Higher Degree Correction

Silver has been slowing down for the last two months, but looking at the 4h time frame we can see a three-wave A-B-C corrective decline within a higher degree wave IV, nicely connected within channel range. We can actually already see it stabilizing and recovering, so seems like bulls for a higher degree wave V can be back in the game, especially if jumps back above 30.40 region and channel resistance line. Invalidation level is below 26 level. More By This Author:ETHBTC Shows Lower Degree Bullish Setup Formation
EUR/AUD And GBP/AUD Currency Pairs Are Still Bullish
EURGBP Is Coming Lower Out Of A Triangle Into A Support Area