FX:XAGUSD   Silver/U.S. Dollar
44 4 2
I couldn't help myself. New longs need a stop below 17.069 (re: white count), or below 16.745 if you want to give it some room (yellow count). Third waves tend to have shallow retraces, so don't count on getting on board deep in the target box. See how the recent low barely approached the 38.2% retrace at 17.05...
Silver weekend update. Support and resistance shown for potential deeper pullback after the recent pop. See linked ideas for the bigger picture.
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DownUnder nick.holland78
5 months ago
Just to clarify, would you say that the next target is (ii) around 17.40 ? before the rising bull :-)
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nick.holland78 PRO DownUnder
5 months ago
Possible (ii) is already complete, see white count. A slightly deeper (ii) is possible into refined target area as indicated. Bigger time frames (linked) might help to understand.
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No change. Still awaiting lift-off, or deeper (ii)
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