Clear impulsive bullish move in 2024, followed by 18 or so long months of a triangle correction. The bullish move happened so quickly that this makes sense. The markets needed time to sort out what was going on here.
The breakout from that triangle is a big deal and coincided with silver breaking above major resistance.
AG is one of the best leveraged silver plays and I am very bullish silver above $35. Momentum and structure have both broken to the upside. We are just getting started.
Based on the wayAG acts as a leveraged play on silver prices, this count is conservative. It is entirely possible that the next wave 3 we are entering subdivides and we go even higher, but we won't know until we get more structure.
The breakout from that triangle is a big deal and coincided with silver breaking above major resistance.
AG is one of the best leveraged silver plays and I am very bullish silver above $35. Momentum and structure have both broken to the upside. We are just getting started.Based on the way
AG acts as a leveraged play on silver prices, this count is conservative. It is entirely possible that the next wave 3 we are entering subdivides and we go even higher, but we won't know until we get more structure.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.