Hello traders!
In the first post about silver we exposed how according to our Elliott Wave Count silver should be about to finish the second X wave in a triple three correction for cycle wave 2.
Since we arrived to a confluence zone with both the main bearish trendline from May '21 and a big volume cluster, we believe that price has a high probability of rejecting this area.
Therefore we are short from @24.32 with stop loss at @24.75. The risk for this trade is 0.7% of equity.
GMR
In the first post about silver we exposed how according to our Elliott Wave Count silver should be about to finish the second X wave in a triple three correction for cycle wave 2.
Since we arrived to a confluence zone with both the main bearish trendline from May '21 and a big volume cluster, we believe that price has a high probability of rejecting this area.
Therefore we are short from @24.32 with stop loss at @24.75. The risk for this trade is 0.7% of equity.
GMR
Trade active:
stop loss on entry
Trade active:
