I think the wave modeled above has peaked. It did not quite make it to $2.05 but with a rising wedge that broke out the top rail then broke back down into the channel and now below the bottom rail in wave 3 I think there is good evidence that at the very least a deep vee 2nd wave will hit IF NOT and even lower low to Avi's point. I want to be clear on one thing: Avi thinks gold and silver hit lower lows. He did not say that miners will too. So if we see this approach the $1.20 level in 5 wave down, start wondering if it will do an inclining double bottom and then take off. I could see this M+M bear end with a positive divergence like that where metals make a new low but miners don't.
In any case, if this doesn't break back up into the channel most riki tik on Monday then I think Avi will turn out to be correct with respect to the metals and miners wave count.
JDST, anyone?
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