This analysis shows a possible LONG set-up for silver
. I believe silver
started a new bull
trend since it bottomed late last year. The price action since the surge after Brexit looks very much corrective. Silver
appears to be tracing a fourth wave correction. As long as the critical support level
holds around 18,50 the bulls are in control. A run above the descending green line is a first signal that we might have left the correction behind us.
I started doing technical analysis
a few months ago, so I still have a lot to learn.
Please let me know what you like/dislike about this analysis.