SILVER - Don't Miss This Easy Trade!
Silver is currently in Wave 2 which is an ABC wave.
We appear to be making a FLAT correction, which is a 335 structure.
Wave A has 3 waves and now we're in wave B. We've only made 2 waves so far so we require one final wave higher to complete wave B.
Trade idea:
- Risk entry on bounce off fib levels
- Safer entry on break of the red trendline
- SL below price after trendline breaks
- Targets: the highs which happens to be the -0.27 fibonacci
Once we're at the highs, we will be looking for a sell setup.
Goodluck and as always, trade safe!
We appear to be making a FLAT correction, which is a 335 structure.
Wave A has 3 waves and now we're in wave B. We've only made 2 waves so far so we require one final wave higher to complete wave B.
Trade idea:
- Risk entry on bounce off fib levels
- Safer entry on break of the red trendline
- SL below price after trendline breaks
- Targets: the highs which happens to be the -0.27 fibonacci
Once we're at the highs, we will be looking for a sell setup.
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
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.