In our last analysis of Silver, we identified we were in a 335 flat correction. We are in the middle section (3 = ABC). We are in wave B and looking to catch C.
Trade Idea:
- Watch for a break of the red trendline for confirmation
- Risk entry on rejection of fib levels
- Targets: 24, 25, 26.
Note that we can make a complex ABC correction for wave B so do breakeven when its safe to do so.
Goodluck and as always, trade safe!