Possible bearish wolfe wave / rising wedge on First Majestic Silver. Viewed on 4hr / 240min chart, also seen on daily chart. Coming up to earnings date. Just started trying to identify wolfe wave patterns, so will be interesting to see how this plays out.
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Didn't make it to 1-4 trendline, however considering state of current economy probably not a good idea to short a stock dealing with Silver & Gold! I'm thinking it's better to have a bullish bias towards these types of stocks.