Waiting for a breakthrough
Updated
Silver may experience chaotic trading opportunities. Macd has deviated from the bottom twice, and the upper branch formed by the recent rebound has broken through the red line of the crocodile line, as shown in the yellow line in the figure. If the pull-up price is above the yellow line, it is determined that the bottom is valid. After breaking through, the price can be pushed back and go long. On the contrary, if the price falls below the red line, which is an effective fractal, then the bottom does not hold. Currently, there is a tendency towards upward breakthroughs. What needs to be done now is to wait. The targets can be set at 0.382 and 0.618, which are precisely price intensive resistance areas.
Trade closed: target reached
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