#silver Elliott wave analysis
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As shown in the chart, it appears that the price is approaching the completion of wave 5 of its recent bullish impulsive move on the 1H timeframe.
I’m watching for a potential retest of the bullish trendline as an opportunity to enter a buy position.
I’m watching for a potential retest of the bullish trendline as an opportunity to enter a buy position.
Transaction en cours
The retracement was slightly deeper and took longer than anticipated, but nonetheless, we are now moving to the upside.
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