#SILVER is currently moving in a correction phase and has reached the Fib retracement zone between 0.382 – 0.5, which historically acts as a strong buying area for long-term investors.
At this zone, no major bearish signs are visible, and the structure suggests a possible formation of a bullish AB=CD pattern.
Trading Plan:
Wait for a clear breakout above the 0.5 level and resistance zone around 49.765.
On the break and retest, we’ll look for long entries with proper risk management.
Key Takeaways:
Correction phase nearing completion
Possible AB=CD bullish pattern
Watching for breakout confirmation before entry
Stay patient — the next bullish leg could start soon if confirmation aligns.
What’s your view on #SILVER? Do you think this zone will hold or break deeper? Drop your analysis below!
#SILVER #XAGUSD #TradingView #Fibonacci #ABCDPattern #TechnicalAnalysis #BuyTheDip #Commodities
At this zone, no major bearish signs are visible, and the structure suggests a possible formation of a bullish AB=CD pattern.
Trading Plan:
Wait for a clear breakout above the 0.5 level and resistance zone around 49.765.
On the break and retest, we’ll look for long entries with proper risk management.
Key Takeaways:
Correction phase nearing completion
Possible AB=CD bullish pattern
Watching for breakout confirmation before entry
Stay patient — the next bullish leg could start soon if confirmation aligns.
What’s your view on #SILVER? Do you think this zone will hold or break deeper? Drop your analysis below!
#SILVER #XAGUSD #TradingView #Fibonacci #ABCDPattern #TechnicalAnalysis #BuyTheDip #Commodities
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