SILVER - Weekly Timeframe Overview - Getting ready for buys
On the weekly timeframe, Silver has been going through a very extended and complex B wave correction which we believe is coming to an end. If we are right about our analysis, this would represent an excellent trading opportunity because the expected movement of this precious metal would take the price towards the 17 area, and possible break the previous "A" top at 18.23.
This would not represent the beginning of the upward impulse that would follow the first big impulse (in blue) and its correction, because that structure would in any case not yet be completed, nonetheless it is a more than decent trading opportunity, we believe, and we would take any and every buy setup from now on.
Updates on smaller timeframes will follow.
If you feel that our analyses and views may be a useful complement to your trading strategies and in order to be notified in real time with our updates on the lower timeframes, please remember to click on the Follow button.
Remember that you can double check the bigger structures that are at play are on the weekly and daily time frames also by scrolling around the charts in the lower 4hr and 60min timeframes (right and left, up and down).
Trade with care and only with a backtested strategy that has proven to work in relation to your invested capital, risk appetite and potential small losses you might incur in before profiting from a good trade.
Thank you for viewing.
This would not represent the beginning of the upward impulse that would follow the first big impulse (in blue) and its correction, because that structure would in any case not yet be completed, nonetheless it is a more than decent trading opportunity, we believe, and we would take any and every buy setup from now on.
Updates on smaller timeframes will follow.
If you feel that our analyses and views may be a useful complement to your trading strategies and in order to be notified in real time with our updates on the lower timeframes, please remember to click on the Follow button.
Remember that you can double check the bigger structures that are at play are on the weekly and daily time frames also by scrolling around the charts in the lower 4hr and 60min timeframes (right and left, up and down).
Trade with care and only with a backtested strategy that has proven to work in relation to your invested capital, risk appetite and potential small losses you might incur in before profiting from a good trade.
Thank you for viewing.
Trade with care and only with a backtested strategy that has proven to work in relation to your invested capital, risk appetite and potential small losses you might incur in before profiting from a good trade.