Silver futures start the trading week with extreme volatility, reaching our now deactivated and therefore greyed-out short target zone (coordinates: $116.91 – $130.31).
If a short position was already initiated within this zone, it may now be appropriate to trail existing stop-loss levels.
At this stage, the primary assumption is that only the high of blue wave (y) has been completed within this area. Under our primary scenario, a more pronounced corrective move is considered imminent. We expect the termination of the corresponding wave (x) within our green long target zone (coordinates: $77.19 – $64.67), where we also anticipate the start of the final upward leg of green wave [w].
Alternatively, silver may have recently formed the high of wave alt.Y, while the latest counter-move established the local low of alt.X. This would argue in favor of a direct continuation of the bullish advance within green alt.[w], extending beyond the resistance level at $114.44.
If a short position was already initiated within this zone, it may now be appropriate to trail existing stop-loss levels.
At this stage, the primary assumption is that only the high of blue wave (y) has been completed within this area. Under our primary scenario, a more pronounced corrective move is considered imminent. We expect the termination of the corresponding wave (x) within our green long target zone (coordinates: $77.19 – $64.67), where we also anticipate the start of the final upward leg of green wave [w].
Alternatively, silver may have recently formed the high of wave alt.Y, while the latest counter-move established the local low of alt.X. This would argue in favor of a direct continuation of the bullish advance within green alt.[w], extending beyond the resistance level at $114.44.
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🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter at hkcmglobal.com
منشورات ذات صلة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
📊 Daily market insights combining macro + Elliott Wave analysis
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter at hkcmglobal.com
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter at hkcmglobal.com
منشورات ذات صلة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.