Hello traders! In previous post we argued how silver was undergoing a corrective cycle wave 2 after 2020's high. This corrective structure ended probably with 17.59 bottom, were silver managed to bounce up in a leading diagonal, retrace with an higher low and then break the blue multiyear corrective trendline activating a bullish descending broadening wedge in the weekly. We are then looking for a retracement to long wave ii of 3. Order is placed at 23.8, confluence area between first fibo retracement level and the blue trendline. We'll update here. Bests GMR
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order triggered, tracking broadening patterns
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position closed on entry, now looking at the GZ, confluent with double top pattern completion