Is the Silver ETF (SLV) oversold ?

Looking at the Silver ETF (SLV) ;
1) We can see the fake move above the "C" trigger (ABC pattern)
2) We can also assume that the "initial break out" (in blue, see chart) was the start of the pattern with the "A" level standing at around $16
3) Are we now facing a "B" level ?
Gut feeling ; Silver is probably oversold, expecting a bounce up
Next ? channel pattern .....