NYSE:AG   FIRST MAJESTIC SILVER CORP
55 4 5
No confirmation yet that Primary 2 has bottomed, but the potential upside here is remarkable. Gonna need a loose stop if you use the 61.8% retrace (bottom of green box).
Additional ideas for stops if entering near here...7.97, 7.65, 7, 6.46.
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Yellow count? Maybe, but that's looking a awful lot like an impulsive drop from a potential 4th wave...
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nick.holland78 PRO nick.holland78
Get back over the recent high with strength and I could be convinced (iii) is underway. New entries should place stops below recent lows, then trail them up as targets approach, depending on your desired time horizon. For example, you wouldn't want to stop out ni wave (iv) if you want to hold for a year, so keep stops below 2 or ii.
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update. Yellow count clearly invalidated. Few squiggles left, but perhaps another ~20% lower in C. Impulsive move over 9.00 would be early indication the correction is done, or at least a sizeable bounce is beginning.

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