As mentioned before the Wave 5 in commodities is often the most explosive. We are seeing it today.
Curious if the March selloff below previous lows was an aberration, if that can be, and we go back to the double bottom theory. We are right there, at least in XAG, have to see how it plays out in SLV later.
In that theory, we would have a breakout above this current resistance, perhaps by a point or two. Then a successful retrace should be bought as there is plenty more upside to come.
Curious if the March selloff below previous lows was an aberration, if that can be, and we go back to the double bottom theory. We are right there, at least in XAG, have to see how it plays out in SLV later.
In that theory, we would have a breakout above this current resistance, perhaps by a point or two. Then a successful retrace should be bought as there is plenty more upside to come.