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Silver Supernova Elliot Wave Setup
Here Silver analysis again. This is my most important watchlist for next week. I got stopped out last week but had a new entry on Friday, and I will be looking to add more long position this week if I get the correction.
Price seems to have resume wave (iii) after a simple zigzag corrective structure in wave (ii) that terminated at a confluence level that consists of 61.8% Fib, support zone, and wave c of (ii) equal wave "a" at that same level.
If we get a move lower in wave ii before the breakout of the Flag structure; it will provide a good risk-reward entry point.
Here is my longterm Silver analysis and how I arrived at this current setup:
What's your view on Silver?
Price seems to have resume wave (iii) after a simple zigzag corrective structure in wave (ii) that terminated at a confluence level that consists of 61.8% Fib, support zone, and wave c of (ii) equal wave "a" at that same level.
If we get a move lower in wave ii before the breakout of the Flag structure; it will provide a good risk-reward entry point.
Here is my longterm Silver analysis and how I arrived at this current setup:
What's your view on Silver?
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