Price is still completing wave (B) of ((ii)). Another climb for wave (C) is anticipated before further decline in wave ((iii)).
Price looks to be ending 5 waves decline from the peak of $1998 to make wave ((i)) of (A) of (Y) and expecting a 3 waves bounce at least to happen before further downside to make wave ((ii)).
From low of $1894, price could be making a flat correction and price might have ended at the peak of $1998 for wave ((X)) and we shall see price decline towards $1818.
Price looks to be making a Running Flat Correction where wave A of (B) ended at the low of $1919, wave B of (B) ended at the peak of $1949 and wave C of (B) at the low of $1922. Expecting another leg higher to complete wave (C) of ((B)) before moving lower towards $1790 at least.
The climb from $1889 for wave (A) of ((B)) ended at peak of $1938. Price currently making a pullback for wave (B) of ((B)) before turning higher for leg (C) of ((B))
Price broke below the low of 16th March after 3 waves pullback been made that ended at peak of $1966. From there, price declined in 5 waves that ended at the low of $1889 and could mean that 5 waves from peak of $2070 has been made and currently now expecting a minimum 3 waves bounce to be made before further downside to be seen.
Price suggested has completed 7 swings pullback from peak of $1949 that ended at low of $1910. After that price made 5 waves climb that ended at peak of $1948. Currently we will see a minimum 3 waves pullback before further upside to be seen at least towards $1965 - $1999.
Price broke down the low of $1917 in 5 waves structure which means wave ((X)) probably was in a Flat Correction structure and currently price is making a 3 waves bounce to make wave B of ((Y)) before another swing to the downside to complete this whole WXY corrective Wave structure towards $1909 - $1896 before bouncing to the upside.
Price currently is making a pullback after the rally from $1894 low and from the peak of $1949, price made 3 waves lower to end at $1926. After price made another 3 waves bounce to end at peak of $1940 and broke lower than $1926 indicating that price is making a double correction in a form of WXY Corrective Wave. We will see another leg lower after price has make...
Silver has not reach 100% FE from peak of $26.90 and the rally after FOMC could be forming as flat correction wave (iv) of (C) and we could possibly see one more leg down to complete wave (v) of (C) before the bounce come. Could expect Gold to be making the same move as well.
An alternative view to my previous post, this ABC Correction has not ended yet with wave (iv) of (C) is formed in a flat correction with one more low to be seen towards $1889 before ending this ABC Correction from peak of $2070.
Price suggested that 5 waves down from peak of $2009 has been completed as wave (C) and further completing 3 waves down ABC Correction from peak of $2070. Anticipating for price to move in 5 waves to the upside for new ATH towards $2091 - $2144 or at least in 3 waves bounce.
Wave (iv) looks like forming in a flat correction tricking buyers and seller for the upcoming FOMC in few hours time.
Price suggested 3 waves pullback from peak of $2070 ended at low of $1906 with my initial target $1911 has been met. As long as price stays above $1906, anticipating price to make new ATH towards $2122 - $2180 before another pullback.
Alternate view, 5 waves down already formed at the low of $1970, and currently price is making 3 waves bounce at least for another leg lower.
Wave iv could be forming as Expanded Flat Correction before another low to complete the 5 waves down from peak of $2070. p/s: im still shit posting here :D
Update from previous analysis, price seems to be moving in an Ending Diagonal wave v to complete this 5 waves down move from peak of $2070. Then we should see a 3 waves bounce at least to form Wave B before continuing further downside after completing it.
Price broke lower than $1975 indicating it will be a 5 waves down move from peak of $2070 and should end as the first leg wave (A) before a pullback to happen to make wave (B) before further downside for wave (C) of this 3 waves of a larger pullback.