Flashback: Silver Wave-4 Swing Low Triggered Rally as War Risks Fueled Safe Havens
It’s been a great time trading Metals – as we are witnessing high volatility, which is rare. It is very important to track high time frame trend to nail the low time frame moves. For example, we are sharing with you today what update we sent out to our members last week about Silver:
Fast forward following day, Silver has traded into our projected wave “iv” support, and up into anticipated resistance. We have managed to call a nice move into this intraday move and some clients will take advantage of it, based on levels we highlight with our commentary and wave count. We update all markets daily – you can enjoy it in members area
Fast forward following day, Silver has traded into our projected wave “iv” support, and up into anticipated resistance. We have managed to call a nice move into this intraday move and some clients will take advantage of it, based on levels we highlight with our commentary and wave count. We update all markets daily – you can enjoy it in members area
TIP
Fourth waves are typically corrective and often retrace back into previous support zones, which is why they can offer good trading opportunities within a trend. The key is to wait for price to stabilize near support and then look for continuation into wave five, while keeping stops below the invalidation level.
