TimStuyts
Short

Silver, correction ahead

FX:XAGUSD   Silver/U.S. Dollar
400 5 13
5 months ago
I adjusted my wave count for Silver             . The lower time frames suggest that there is more room to the upside and buying Silver             after minor retraces seems like a good idea. However medium term I see a wave 4 correction lower before the longer term bullish move will continue.
Updates will follow

www.timstuyts.com

www. facebook             .com/timstuyts
5 months ago
Comment: I'll be back trading and updating next week. Good trading to you all and see you all soon! Safe trading
5 months ago
Comment: We saw an acceleration higher which suggest an extended impulse which is very common. I'll be looking for the end of minor wave 4 in Blue to buy the continuation.
snapshot


snapshot
DownUnder
5 months ago
my friend it looks very difficult for a correction below 18...?
Reply
TimStuyts DownUnder
5 months ago
I can't tell whether we will break 18 next or not. Structure will tell us what's next and levels don't really matter because every level can be broken and will be broken sooner or later. We saw the move up as I mentioned. Now I'll be looking for a consolidation (wave 4). If it accelerates higher from here or from 18 in a more extreme way than the last impulse I will adjust and buy the continuation. It is easy when you know how to read structure so I let it play out and let it tell me what to do, if not I move on to a better set-up. Updates will follow, but ideally we see an impulse lower to test the 18 zone (wave A), then consolidation (wave B) and then the continuation lower (wave C for example), combined this will be a consolidation for that wave 4. However buying from here is not what I like to do because of the risk/reward.
Reply
Paul-FXTC PRO
5 months ago
Nice one
Reply
andreas1
5 months ago
THANKS AND GOOD LUCK FOR YOU TOO!
Reply
catrionaforex
5 months ago
Thank you. See you back here soon :-)
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener 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
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out