The recent movement on the 1-hour silver chart has shown a clear technical turning point.



Carefully observe the market, the previous A-B-C three-wave correction has basically completed, and the blue support line is holding firmly at the low point of wave C, indicating that the pullback has been fully released. From a wave structure perspective, it is highly likely that the market will enter a 5-wave upward cycle next.

The current rhythm is as follows: Wave (1) is already brewing a breakout force, and the key is whether wave (2) can be effectively confirmed at a critical position. If wave (2) retraces to the expected support as anticipated, it will be an excellent entry point for phased long positions. Wave (3) is the true explosive wave, usually the strongest, with the target directly aiming at the upper trendline resistance.

Specific trading strategy: wait for confirmation signals of wave (2), then gradually establish long positions at key price levels, with strict stop-loss set below the low point of wave C to lock in potential losses. This approach allows participation in the upward trend while effectively managing risk.
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GhostAddressMinervip
· 4h ago
Wave theory is back... but we need to look at on-chain fund flows. How the big wallet addresses move is the real signal; market charts can be deceptive.
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MetaNomadvip
· 4h ago
Elliott Wave Theory is back again. Every time, they say Wave 3 is the explosive wave. But what happens?
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MemecoinTradervip
· 4h ago
ngl the wave 2 confirmation play here is literally textbook social arbitrage setup... everyone's gonna fomo in once wave 3 ignites, that's when the real alpha extraction happens fr
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TrustlessMaximalistvip
· 4h ago
It's the wave theory again, the (2) wave retracement explanation I've heard too many times. Is this time really different?
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MidnightTradervip
· 4h ago
Talking about wave theory again, wave (2)—can it really happen as scheduled this time? Last time I said the same, and I was proven wrong.
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