Last year projected range (Left) This year's Fib range (Right) Look at the related trade ideas - works on all timeframes obviously.
Less likely to reach the top but still possible... Correlates strongly with Gold so should expect the reversal to be roughly when Silver reaches it's Liquidity Target?
A follow up from the 15 year Cycle Gold is going through - Forget the news it's part of the cycle.
Considering the current range high to low is near 18% and Gold averages 10-15 max there can't be much upward movement left before the reversal or consolidation with a Liquidity sweep for next years run - if the DXY continues higher then it could be reversing/consolidating soon
Possible down moves for next couple weeks, barring a topside liquidity sweep from the DXY
Could see silver rise to the Liquidity Void over the next 2 years - could be the main target
Silver reached the original consolidation now selling off - will gold do the same and sell to the fvg before going higher??
High's, Low's, Open Got to use Silver/GU etc.. for Gold at ATH's
Possible retracement on dxy next couple weeks so big moves possible on Gold