Using our ElliottWave Indicator Suite on Silver, on the Daily timeframe, we can see that it has found support in our wave 4 probability zones. The wave 4 behaviour is also looking good using our Elliott Wave Oscillator and False breakout Stochastic.
Now the pivot around 18.750 is an issue, so a longer term bullish trade would be taken until that is broken with a target of 20.500 within our automated target zone. Also we would look for long trades on smaller timeframes with this strong potential 5th wave bullish move in mind.
Watch the Video tour of our Elliott Wave Indicator Suite >>>HERE<<<
Now the pivot around 18.750 is an issue, so a longer term bullish trade would be taken until that is broken with a target of 20.500 within our automated target zone. Also we would look for long trades on smaller timeframes with this strong potential 5th wave bullish move in mind.
Watch the Video tour of our Elliott Wave Indicator Suite >>>HERE<<<
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Learn more and Subscribe here! globaltradingsoftware.com/product-category/tradingview-platform/
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.