Looks like we are having a nice rally in SILVER to finish out the c-wave of a multi-month (b)-wave.
Fundamentally, SILVER is in a correction, so expect tops to be spikers and bottoms to form over time. Thus, once this (b)-wave rally completes somewhere over 18.31, expect price to get Monkey Hammered down in the following (c)-wave.
Fundamentally, SILVER is in a correction, so expect tops to be spikers and bottoms to form over time. Thus, once this (b)-wave rally completes somewhere over 18.31, expect price to get Monkey Hammered down in the following (c)-wave.
Trade active:
We're in the X-wave part of this advance, which I expect to complete by trading down below 17.73, followed by the y-wave run over 18.311. Most likely going to be a spiker run up on this, followed by a subsequent collapse.
