Silver is looking really good for BUYS very soon.
We are currently still within the C wave, which is made up of 5 subwaves. We've completed the 3rd subwave and seeing the 4th subwave now. The 5th subwave is when we should ready ourselves for the big buy. Price is within a channel and the -27 fib falls nicely within the channel support. Will be looking to buy Silver around there.
Trade Idea:
- Watch for the 5th wave back down to 19 level.
- Once price approaches the buy zone, watch for channel bounce and/or trendline breakout to get your entry
- SL will be below the channel
- Targets: 27, 30
Please note that subwaves 4 and 5 can be traded whilst you wait for the big buys.
Goodluck and as always, trade safe!