In our last analysis of Silver, we identified we were in a 335 flat correction. We are in the middle section (3 = ABC). We are in wave B and looking to catch C.
Trade Idea: - Watch for a break of the red trendline for confirmation - Risk entry on rejection of fib levels - Targets: 24, 25, 26.
Note that we can make a complex ABC correction for wave B so do breakeven when its safe to do so.
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.