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DavidJankowski
Sep 19, 2022 11:16 AM

Silver Market (30m) 

Silver FuturesCOMEX

Description

The silver market is in a clean 5-part uptrend right now. The correction [c] was completed cleanly between the 0.618 and 0.786 Fibonacci retracement and since then it has been impulsively moving upwards. The (iii) has captured the 2.618 Fib extension and then completed cleanly into the (iv) (around the 0.5 Fib). Now silver is in the ii of the (v) of the . If silver does not penetrate the area of the below 18.745, it can be assumed that the analysis is correct. If the price turns within 19.1 and 18.8 in the ii, we are in wave iii of the (v) of the .

I am eager to hear your ideas!
Comments
DavidJankowski
Since silver dropped below 18.745, I updated my idea
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