23 Jul 2020 ● 01:46 AM
From the March low I started marking Silver MCX as 1-2-3 however the third wave is now shortest as price have gone way above the point where 5=3. So what do we do. Change to 1-2-1-2-3, and now we are in wave 3 of 3 and that is extending beyond where 3=1. What is the next level then ? It is 3=1*161.8% = 65770. Sorry bears its not over, ok you can get one day dips but that is it from overbought conditions to expect till wave 3 itself counts as 5 waves complete.