Silver Futures (4H) – Zigzag Correction in Progress

24. Aug.

The decline from 116,641 → 109,080 unfolded in 5 waves, confirming an impulse. This sets the stage for a 5-3-5 zigzag correction. With Wave A complete, the market is now advancing in Wave B, expected to resolve as a zigzag.

A strict bearish invalidation level is marked at 116,641. As long as prices remain below this level, the expectation is for Wave C down to follow and complete the zigzag sequence.

📌 Key Levels:

• Invalidation (SL): 116,641
• Wave B unfolding as zigzag
  
• Wave C down expected next
  

Disclaimer: This analysis is for educational purposes only and does not constitute investment advice. Please do your own research (DYOR) before making any trading decisions.

28. Aug.

Trade geschlossen: Stop wurde erreicht