Market is correcting after completing a strong impulsive move. Currently, we are witnessing a probable ABC corrective structure unfolding.
š Key Observations:
ā¢ Wave (III) seems completed with strong momentum
ā¢ Current move looks like a corrective A ā B ā C
ā¢ Price is heading towards a strong demand zone (135k ā 160k range)
ā¢ This zone aligns with potential Wave (IV) completion
š Expectation:
A final push down to complete wave C inside the marked zoneā¦ followed by a strong bullish reversal.
š What Next?
If structure holds, we can expect the next impulsive move ā Wave (V)
This could take silver to new highs in coming months
ā ļø Invalidation:
Break below the demand zone with structure failure
š” Trading Approach:
Wait for confirmation in the demand zone
Donāt catch falling knives ā let the market complete its story
Patience > Prediction
Best trades come after correction, not during chaos