SILVER - Watch For This Sell!In our last analysis, we identified that we were in a major correction and that we were in the final wave of the correction.
We called for shorts mid December and price went on to make a massive move lower. We have now another opportunity to enter shorts for the final time.
Where we have the arrows marked out, we can see a really interesting fractal. In July 2023. we saw a complex ABC correction, which we are now seeing again on a smaller scale. We are expecting price to reject our sell zone and move lower to the structure level indicated
Trade Idea:
- Watch for rejection of sell zone
- For confirmation, use lower timeframe trendline break or BOS
- Enter with stops above the highs after confirmations have been met
- Targets: 22, 21, 20.7
Goodluck and as always, trade safe!
