DAX is making an intra-day drop away from blue wave iv correction, which means final wave five of C can be in motion. That said ideally wave v of C will now unfold a minor five wave development lower, towards the Fibonacci ratio of 161.8, before a new three wave recovery higher will take place.
German DAX, 1H
Silver can be trading in the final stages of a higher degree impulse. Specifically we see black wave 5 in progress, with a four sub-wave already unfolded. The upside can be limited near the 17.00 region.
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from Online Forex Trading Resource
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