Take any whickoff chart and overlat it on silver.
Its textbook pattern. Patterns are identical.
Silvet should now consolidate at the bottem of the range and eventually brake it do the downside with another abc move.
So:
Q2 : 18,5€
Q4 : 16,5€ first resistance
Q1 : 15,0€ bottem.
Thid means a good 20% drop from where we are. If dxy goes up to 120, eur/usd to 0,8 , wich are both within range, im afraid thise case is very realistic.
Im a stacker, not buying now, waiting for range to brake to buy at mentioned levels.
Its textbook pattern. Patterns are identical.
Silvet should now consolidate at the bottem of the range and eventually brake it do the downside with another abc move.
So:
Q2 : 18,5€
Q4 : 16,5€ first resistance
Q1 : 15,0€ bottem.
Thid means a good 20% drop from where we are. If dxy goes up to 120, eur/usd to 0,8 , wich are both within range, im afraid thise case is very realistic.
Im a stacker, not buying now, waiting for range to brake to buy at mentioned levels.