In Silver, the picture appears to be a little clearer than in Gold, since the price appears to have formed a definite (W)(X)(Y) pattern, with (X) being a symmetrical triangle. Such a pattern is the best candidate for wave [2[]] of the expected diagonal.
Unless the price keeps drilling and forming a smaller diagonal pointed downwards I am fairly confident that the market has turned up. Not advice.
Yet, again wave c looks a bit too big but I will have to live with that for the time being.
Unless the price keeps drilling and forming a smaller diagonal pointed downwards I am fairly confident that the market has turned up. Not advice.
Yet, again wave c looks a bit too big but I will have to live with that for the time being.
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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.