Silver 4h, inverse HS, is very likely now, w guidance in chart. RS (right shoulder) building, could be the next movement. If RS will not become as deep as LS, that's a bullish sign, and we should expect a break up above, a move >> 5 , which will be wave (1), and then a down to retest of neckline = (2). And from there a good run >> (3) (top).
IF, RS seems to become deeper, and lower than 17.6, we need to rethink it again. Double bottom at 17.6 is of course also one option.... :)
IF, RS seems to become deeper, and lower than 17.6, we need to rethink it again. Double bottom at 17.6 is of course also one option.... :)
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2h-chart... let's watch next candles, and PA (price-action) now.
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1h-chart... notice the shooting star at top. also 5 smaler waves inside 1 > 2 wave.
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This got wrong : " also 5 smaler waves inside 1 > 2 wave."Shall be : " also 5 smaller green waves, inside 2 > 3 (blue wave).
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30min, with a lot details.....
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New situation, price did jump some, and then did some correction during the day.
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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.