#SILVER #XAGUSD - downtrend may have resumed Short

SILVER (US$/OZ)TVC

Description

⋅ Oct 12, 2020 2:29 PM

The first downmove that we see has clearly traced a 5 wave sequence and a 3 wave correction. this means we are headed down. Looks for new lows with 25.57 as the risk stop

Comments

pkinvestor

⋅ Oct 16, 2020 5:22 AM

target price? looks like its going up...correction over it seems

SolomonsView

⋅ Oct 16, 2020 10:44 AM

@pkinvestor, If one is extremely short term, profits can be booked, but I see this headed down and will look for short rentry around 24.75

pkinvestor

⋅ Oct 16, 2020 10:52 AM

@SolomonsView, thanks!