Silver is currently in wave 2, which appears to be a 335 flat correction. Wave A had 3 waves and now we're in wave B where we're expecting another 3 wave structure.
It appears as the bottom is in so we can use the lows as invalidation level.
Trade Idea:
- you can either enter now with stops below the lows
- Or wait for a pullback (retracement) and enter with stops below the lows
- Targets: 24, 25, 26.
We may make an expanded or contracted flat correction so just manage position as we move higher.
Goodluck and as always, trade safe!