Silver Ready For Bounce Back
Updated
Silver on the daily time frame is now at the lower range and looks ready for a bounce back up.
As you can see the shape of the range is a bullish wedge. Meaning: a high chance to break to upper range and continue in an upwards trend.
How ever as you can see theres still a bit of space left. My prediction is that after going to the upper range, there will be 1 more wave down to the lower range before a bounce that will break the upper range and lead to a new trend up to 18.400.
Trading advice: Buy The Dips
SL: 15.200, take small buy positions and be ready/able to add more buys every 0.400 dip or 0.200 increase
TP: 17.800-18.400
As you can see the shape of the range is a bullish wedge. Meaning: a high chance to break to upper range and continue in an upwards trend.
How ever as you can see theres still a bit of space left. My prediction is that after going to the upper range, there will be 1 more wave down to the lower range before a bounce that will break the upper range and lead to a new trend up to 18.400.
Trading advice: Buy The Dips
SL: 15.200, take small buy positions and be ready/able to add more buys every 0.400 dip or 0.200 increase
TP: 17.800-18.400
Trade active
Candle still didnt close outisde the range so it hasnt been broken. Though that flash crash llast night ruined a lot of buy positions
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