silver (EW): one scenario
Early on, after the midwinter top, bulls thought maybe the top was a three, with a corrective 4 and new highs in 5 yet to come.
But it soon became clear that we were more likely “done” for a while.
So then, my attention turned to the top as a long term wave 1 (at higher degree), and now in corrective 2.
That is clearly my primary count. Where our place inside the 2 is less clear. I see a lower low ahead. Beyond that, no clarity yet.
But HERE is one way (one scenario) to see where things MIGHT be headed eventually, for those still dreaming of $200.