3-Day Silver Chart Analysis
We're analyzing the full structure of Wave 3, which itself consists of 5 smaller waves, following the Elliott Wave impulsive pattern:
Impulse Wave Structure (5 Waves):
Wave 1: 5 subwaves (either impulse or leading diagonal)
Wave 2: 3-wave correction
Wave 3: 5 subwaves (impulse)
Wave 4: 3-wave correction
Wave 5: 5 subwaves (can be impulsive or corrective)
Right now, we’re in Wave 5 of Wave 3, and within that, we’re in subwave 1, expecting a subwave 2 correction next.
Trade Plan:
- Watch for the subwave 2 correction to develop
- Once wave C of the correction forms, draw a trendline and enter on the breakout
- Set hard stops below the invalidation level, or under Wave 2 after the breakout
- Take profit levels: 35, 37, 39
Good luck and as always, trade safe!
Take a look at our earlier Silver setups below:
Free Setups
SILVER:
SILVER:
SILVER:
VIP Setups
SILVER:
SILVER:
SILVER:
SILVER:
We're analyzing the full structure of Wave 3, which itself consists of 5 smaller waves, following the Elliott Wave impulsive pattern:
Impulse Wave Structure (5 Waves):
Wave 1: 5 subwaves (either impulse or leading diagonal)
Wave 2: 3-wave correction
Wave 3: 5 subwaves (impulse)
Wave 4: 3-wave correction
Wave 5: 5 subwaves (can be impulsive or corrective)
Right now, we’re in Wave 5 of Wave 3, and within that, we’re in subwave 1, expecting a subwave 2 correction next.
Trade Plan:
- Watch for the subwave 2 correction to develop
- Once wave C of the correction forms, draw a trendline and enter on the breakout
- Set hard stops below the invalidation level, or under Wave 2 after the breakout
- Take profit levels: 35, 37, 39
Good luck and as always, trade safe!
Take a look at our earlier Silver setups below:
Free Setups
SILVER:
SILVER:
SILVER:
VIP Setups
SILVER:
SILVER:
SILVER:
SILVER:
Want more chart ups like this? Click the links below:
Free Telegram: t.me/Wicktator
Forex VIP: t.me/WicktatatorVIP_bot
Free Telegram: t.me/Wicktator
Forex VIP: t.me/WicktatatorVIP_bot
Publicações relacionadas
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
Want more chart ups like this? Click the links below:
Free Telegram: t.me/Wicktator
Forex VIP: t.me/WicktatatorVIP_bot
Free Telegram: t.me/Wicktator
Forex VIP: t.me/WicktatatorVIP_bot
Publicações relacionadas
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.