As expected, silver entered a profitable sell zone, after falsely breaking out of the correction. To those who did not open short positions yet, there is an opportunity to do so today:
In fact, it also involves very ambitious target levels:
So, from the current prices and within the framework of the large ABC wave structure, limit can be set at $ 29.0 - $29.5. Then, take profit as soon as the quote breaks through $25.8, $ 24.0 and $ 21.5.
Of course, traders still need to monitor the risks to avoid losing money. This market is very precarious, but also very profitable provided that the approach used is correct.
The strategy above follows "Price Action" and "Stop Hunting" methods.
Good luck!
