From TradingView · · 40s
Silver Bullish Scenario
Silver futures show bullish pattern on 8h timeframe.
In brief
Silver futures show bullish pattern on 8h timeframe. Silver futures move higher after completing wave 2 red pattern with target at 82.9. Originally reported by TradingView.
Silver 8h timeframe
Silver futures show bullish pattern on 8h timeframe.
Wave 2 red pattern
Silver completed wave 2 red pattern double zig zag wxy at fibonacci 50% at 62.8.
Moving higher
Silver moves higher with wave 3 red pattern first target at wave 1 equals wave 3 at 82.9.
Confirmation
Confirmation level at 68.99 for bullish scenario.
Invalidation
Invalidation level at 62.8 for bearish scenario.
The essence
Silver futures move higher after completing wave 2 red pattern with target at 82.9.
