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Silver daily bearish engulfing candle forming Exhausted on multiple timeframes. As I mentioned before wave iv should be a sharp zig zag given ii was an expanded flat Logical place to go long would be 48.88 (weekly swing close) which also sits perfectly in the middle of the golden pocket between 0.5-0.618 retracement of the wave iii impulse

Published Jan 07, 2026Updated Jan 07, 20262 min read
Silver daily bearish engulfing candle forming Exhausted on multiple timeframes. As I mentioned before wave iv should be a sharp zig zag given ii was an expanded flat Logical place to go long would be 48.88 (weekly swing close) which also sits perfectly in the middle of the golden pocket between 0.5-0.618 retracement of the wave iii impulse
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