TAtrader
Long

Silver: wait to buy!

FX:XAGUSD   Silver / U.S. Dollar
123 5 7
Hello everyone,

The corrections on Silver             and Gold             have not been finished yet. However, on EUR/USD             this the contrary is the case. Those correction of cycle II has been finished.

On Silver             this is not the case yet. We should wait for cycle II to complete and of course buy there with a lot more certainty.

May God bless you!

Good luck.
Comment: Volatility is very high. Make sure how to trade this, because it can be dangerous.
Comment: No clue what happened here. :) I guess the commodities market is just very uncertain. I closed this last week I guess.

If this day closes above the wedge, the breakout up will be confirmed.
Comment: The labeling went wrong at some points.
So when is the good time to buy Silver on the chart above ?
Reply
TAtrader albertwt
In the bottom range, so at 15,25 would be the best entry.
Reply
TAtrader TAtrader
According to this old chart.
Reply
4h update

+1 Reply
The pink pattern is not correct: it is a rising wedge.
Reply
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