Silver is looking really good for BUYS very soon.
We are currently still within the C wave, which is made up of 5 subwaves. We've completed the 3rd subwave and seeing the 4th subwave now. The 5th subwave is when we should ready ourselves for the big buy. Price is within a channel and the -27 fib falls nicely within the channel support. Will be looking to buy Silver around there.
Trade Idea:
- Watch for the 5th wave back down to 19 level.
- Once price approaches the buy zone, watch for channel bounce and/or trendline breakout to get your entry
- SL will be below the channel
- Targets: 27, 30
Please note that subwaves 4 and 5 can be traded whilst you wait for the big buys.
Goodluck and as always, trade safe!
We are currently still within the C wave, which is made up of 5 subwaves. We've completed the 3rd subwave and seeing the 4th subwave now. The 5th subwave is when we should ready ourselves for the big buy. Price is within a channel and the -27 fib falls nicely within the channel support. Will be looking to buy Silver around there.
Trade Idea:
- Watch for the 5th wave back down to 19 level.
- Once price approaches the buy zone, watch for channel bounce and/or trendline breakout to get your entry
- SL will be below the channel
- Targets: 27, 30
Please note that subwaves 4 and 5 can be traded whilst you wait for the big buys.
Goodluck and as always, trade safe!
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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.
Want more chart ups like this? Click the links below:
Free Telegram: t.me/Wicktator
Forex VIP: t.me/WicktatatorVIP_bot
Free Telegram: t.me/Wicktator
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.