SILVER - Take Advantage Of This Great Opportunity! 🎯
In March 2020, we saw Silver shoot up in excess of 150%. Since then, we've been in a major correction for 2 years.
A correction usually consists of 3 waves with wave C having 5 waves and following the impulse schematic. We can see that we're currently in wave 4 and approaching the wave 4 invalidation level. This allows us to have a clear area for sells and invalidation level.
Trade Idea:
- Watch for rejection below the wave 4 invalidation level
- Enter with stops above the structure
- Targets: Recent lows 17.6, and then target the 78.6 bullish fibonacci
Do let us know what you think below.
Goodluck and as always, trade safe!
A correction usually consists of 3 waves with wave C having 5 waves and following the impulse schematic. We can see that we're currently in wave 4 and approaching the wave 4 invalidation level. This allows us to have a clear area for sells and invalidation level.
Trade Idea:
- Watch for rejection below the wave 4 invalidation level
- Enter with stops above the structure
- Targets: Recent lows 17.6, and then target the 78.6 bullish fibonacci
Do let us know what you think below.
Goodluck and as always, trade safe!
Want more chart ups like this? Click the links below:
Forex: t.me/Wicktator
Crypto: t.me/Crypto_Wick
Forex VIP: t.me/WicktatatorVIP_bot
Forex: t.me/Wicktator
Crypto: t.me/Crypto_Wick
Forex VIP: t.me/WicktatatorVIP_bot
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