In March 2020, we saw Silver shoot up in excess of 150%. Since then, we've been in a major correction for 2 years.
A correction usually consists of 3 waves with wave C having 5 waves and following the impulse schematic. We can see that we're currently in wave 4 and approaching the wave 4 invalidation level. This allows us to have a clear area for sells and invalidation level.
Trade Idea: - Watch for rejection below the wave 4 invalidation level - Enter with stops above the structure - Targets: Recent lows 17.6, and then target the 78.6 bullish fibonacci