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Looking at the silver market, the recent decline starting from the high of 84 may still be part of an intermediate wave pattern. If it follows the 3-3 wave rhythm, then a retracement below 65.9 is within the normal technical adjustment range. The current key support level is at 64. Looking further down, the bottom is very likely to be between 65.9 and 52. Once it falls below the yellow line, it indicates that the correction has truly begun—and this could actually be an opportunity. After the decline completes, a blue-line level upward trend will follow, with the target above 86.6. This is purely an analysis of technical movement and does not constitute any trading advice.
If silver really drops to 52, I'll go all in—it's bound to rebound sooner or later.
Another wave theory master, I just want to ask if this time will be correct.
The space from 52 to 86 is exciting just to think about... but I'm particularly bad at trading, destined to miss the best opportunities.
Once the yellow line breaks, that's the real opportunity. I want to hold steady and not cut losses this time.
I bet it will rebound at 65.9; when it hits 86.6, I'll sell.
Honestly, what I fear most is getting stuck in this oscillation; buying at high levels is the most painful.