Hello traders!
During previous post, linked in description, we explained how silver is about to begin an upside cycle wave 3 after cycle wave 1 to 30 corrected to 17.
Now, as showed in the count above, we believe price began wave 3 of iii, big corrective trendline(blue) was broken and price action became impulsive confirming our view.
We are now expecting a smaller degree fourth wave into the marked green circle to complete the descending broadening wedge target at 25.7 before a major dip.
When and if the major dip will come, we ll look for other long setups.
We will update below!
Happy trading
During previous post, linked in description, we explained how silver is about to begin an upside cycle wave 3 after cycle wave 1 to 30 corrected to 17.
Now, as showed in the count above, we believe price began wave 3 of iii, big corrective trendline(blue) was broken and price action became impulsive confirming our view.
We are now expecting a smaller degree fourth wave into the marked green circle to complete the descending broadening wedge target at 25.7 before a major dip.
When and if the major dip will come, we ll look for other long setups.
We will update below!
Happy trading
