Crazylambboy

Silver fell into a retreat and needs to wait for an opportunity

Long
COMEX:SI1!   Silver Futures

It is important to choose a good path, but without the confidence to keep going, you will not succeed. A lot of things just happen in one thought, so when we decide anything, we have to think about it more. The choice is important, but the persistence after the decision is even more important. No matter what choice you make, stick to it and you will achieve something.

Silver was in a retreat all day yesterday, and its short-term uptrend was suppressed. At present, if the bulls cannot appear today, a second bottoming will be launched in the short term, so the overall long-term opportunity will have to wait for the key support below. For silver operation, it is recommended to buy at 20.85, risk control at 20.70, and target 21.30~21.41~21.67.

Silver is bullish for several reasons:
1. Silver fluctuated upwards and did not appear to be bullish, so wait for it to fall back in place and look bullish again.
2. According to my analysis, the decline of Wave 2 A has ended, and the rebound of Wave 2 B is only in the second half of the first stage.
3. The intraday pressure is 21.40~21.67, supported at 20.85~20.70.

Hello traders, if you have better ideas and suggestions, welcome to leave a message below, I will be very happy
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