Forex Trading Analysis
Hello, guys, today is Tuesday, August 6th, 2024 I am going to analyze the sport Silver versus US dollar pair let us start the top to bottom Eliot wave analysis inside the daily time frame the trend is up in silver daily time frame support is present at 25.9 price level price action is most likely going to drop to print bearish with four pullbacks and then rise up to print bullish with five impulse leg in coming trading days a decisive bearish break below 25.9 support area is going to end uptrend in the daily chart of Silver versus is United States dollar pair
At 4Hour time frame price section is sprinting lower swing high c lower swing lows to me Silver Trend looks down in 4hour time frame
At 1 hour time frame the trend is up in 1 hour chart intraday support is present at 26.480 price level price action is most likely going to rise to print a bullish wave three impulse leg which offers a chance to join an uptrend in Sp SP silver a decisive bearish break below 26.480 support level is going to end uptrend in one hour chart of Silver versus United States dollar pair
more specifically the green color-the highlighted area offers a buying opportunity which is the previous second a wave of one lesser degree do not jump into the market with a Buy, trade wait for a bullish breakout
