Silver has done a flat correction before, and it's lining up to do one again if price can't overextend the C wave past the 123.6 to turn it into a wave 3 of a 5 wave impulse. If price is rejected here, you can count on price heading back down for an ABC and possible combination again where we will triangle out and either break up or down. Down being most likely based on long term trend thus far. I am looking to either long a breakout or to short a rejection here. Price needs to break that red line for continuation.
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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.