Silver has moved sharply higher, and the explosive upward trend is still ongoing.
The move from March to August 2020 can be considered wave 1 and the start of this bullish phase.
The question now is: where will we stop and potentially reverse? In other words, where might the next corrective phase begin.
Fibonacci levels drawn from the first wave and from the last significant corrective wave point to several key areas:
77 - the nearest level, which we have already passed without stopping
89 - the next most probable target
96 - applicable only to the current wave
Time will tell where the next stop occurs.
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The move from March to August 2020 can be considered wave 1 and the start of this bullish phase.
The question now is: where will we stop and potentially reverse? In other words, where might the next corrective phase begin.
Fibonacci levels drawn from the first wave and from the last significant corrective wave point to several key areas:
77 - the nearest level, which we have already passed without stopping
89 - the next most probable target
96 - applicable only to the current wave
Time will tell where the next stop occurs.
---
Please subscribe and leave a comment.
You’ll get new information faster than anyone else.
---
Trade fechado: objetivo atingido
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Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.