We are currently still within the C wave, which is made up of 5 subwaves. We've completed the 3rd subwave and seeing the 4th subwave now. The 5th subwave is when we should ready ourselves for the big buy. Price is within a channel and the -27 fib falls nicely within the channel support. Will be looking to buy Silver around there.
Trade Idea: - Watch for the 5th wave back down to 19 level. - Once price approaches the buy zone, watch for channel bounce and/or trendline breakout to get your entry - SL will be below the channel - Targets: 27, 30
Please note that subwaves 4 and 5 can be traded whilst you wait for the big buys.
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