#silver Elliott wave analysis
As shown in the chart, it appears that the price is approaching the completion of wave 5 of its recent bullish impulsive move on the 1H timeframe.
I’m watching for a potential retest of the bullish trendline as an opportunity to enter a buy position.
I’m watching for a potential retest of the bullish trendline as an opportunity to enter a buy position.
Trade active
The retracement was slightly deeper and took longer than anticipated, but nonetheless, we are now moving to the upside.
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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.