Silver is poised for another upwards movement, which will likely result in another high. The target of the current wave is the region somewhere between $28.50 and $29.20. Should the bulls be able to deliver a new high, the (b) in blue will be moved to the higher high. Still, we expect a bigger sell-off after reaching the mentioned area. For the downturn to happen, it is essential that we do not generate new highs above $29.90. As soon as we reach the turnaround area indicated in yellow, we evaluate short trades.
Ideas, comments, and discussions are welcome!
โ๐ฟ Happy Trading! โ๏ธ
Ideas, comments, and discussions are welcome!
โ๐ฟ Happy Trading! โ๏ธ
