FX:XAGUSD   Silver/U.S. Dollar
142 3 9
Last buy in silver             didn't work out. Here's my working thesis assuming we get a corrective bounce soon. I had thought this could be a 4th wave off of the early June low, but too deep now. Going with a truncated wave 1 of (3) until proven otherwise. Not catching the knife here, just looking for a possible set-up to trade long again.
Since I don't see anything impulsive looking initiating the move down off the summer's highs I'm giving bulls benefit of the doubt.
Tough to predict the exact timing, but here's where we are this morning...
snapshot
Reply
nick.holland78 PRO nick.holland78
Fell out of my channel. Was just a notional path anyway. Seems wave (iii) needed another little iv-v to complete. I'm still expecting a corrective bounce in wave (iv) soon. Yesterday's bounce seems too shallow to be all of (iv).
Reply
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out