Silver is poised for another upwards movement, which will likely result in another high. The target of the current wave is the region somewhere between $28.50 and $29.20. Should the bulls be able to deliver a new high, the (b) in blue will be moved to the higher high. Still, we expect a bigger sell-off after reaching the mentioned area. For the downturn to happen, it is essential that we do not generate new highs above $29.90. As soon as we reach the turnaround area indicated in yellow, we evaluate short trades.
Ideas, comments, and discussions are welcome!
✌🏿 Happy Trading! ✌️
Ideas, comments, and discussions are welcome!
✌🏿 Happy Trading! ✌️
📊 Free daily market insights combining macro + Elliott Wave analysis
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter - full free analyses at dailymarketupdate.com
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter - full free analyses at dailymarketupdate.com
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
📊 Free daily market insights combining macro + Elliott Wave analysis
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter - full free analyses at dailymarketupdate.com
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter - full free analyses at dailymarketupdate.com
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.