With today's bullish rally, the above bull count is near confirmed. Update Below:
As you can see, Silver has closed the day above the Blue Base Channel, this suggests that there is the potential for 3rd wave impulsive action to follow on the upside. Bulls would like to see the upper green trend-line breached soon, followed with a back test. Then proceed forward with the bulk of wave (iii).
This projection will likely be killed with any move back below Critical Support (CS) at 34.18. Which is the wave 1/4 point of overlap violation.
Today's action against the 3/10/20 ribbon on the daily chart was also very Bullish:
The price action closed the day above the 20dma. With subsequent daily closes above the 10 EMA (currently below at 34.85), the 3/10/20 MT bearish alignment will soon reverse.
Again, this potentially Bullish picture will likely fall apart if PoS makes a sudden turn south and takes out 34.18
