After sideways correction, Recently Silver started new impulse move, and now setup suggests that probably wave a-b-c decline in wave ii is complete,
Silver retraced nearly 61.8% of the recent rise, also retested its triangular breakout point and recovered sharply.
Once it gives positive close above 0-B trendline (purple resistance trendline) then it confirms that wave iii has started.

RK's buy signal activated on daily time frame
imagen

Support from rk's stop loss line along with lower bollinger band
imagen

Silver retraced nearly 61.8% of recent rally
imagen


Most investors treat trading as a hobby because they have a full-time job doing something else.
However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...!


Disclaimer.
I am not sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
Beyond Technical AnalysiselliottwaveprojectionelliottwaveretracementelliotwaveanalysisrkchartsSilversilveranalysissilverchartssilverlongsilverusdTrend AnalysisWave Analysis

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Disclaimer.
I am not sebi registered analyst.
My studies are for educational purpose only.
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