Intermediate (A) (turquoise) unfolded with a 5 Wave Sequence which leads us to say that Intermediate (C) (turquoise) would most likely going to start its Rally with 5 Waves Sequence as well.
Intermediate (B) (turquoise) surprised the Markets with an unexpected Expanded Flat Structure in its Minor (red).
In our opinion, the Expanded Flat is about to finalize at the 161.8% Fibonacci Extensions of Minors A & B (red), leaving room for Intermediate (C) (turquoise) to commence.
SILVER-XAGUSD - Long-Term - BUY Position:
Entry Level - 16.00
SL - 15.50
TP1 - 18.00
TP2 - 18.80
TP3 - 20.00
* Note that we are watching the Price Action for signs and confirmation for a .
- When in the green, move SL to break-even or in profit
- If conservative, watch for a and confirmation
- If Spike, watch Price Action for