First Majestic Silver
Updated
Chart pattern: Bull flag
Entry: 17.16$ (this would end the downtrend which is active since the 8th of April 2021)
Stop: 15.76$
Target: 20.92$
Stopmanagement: ATR Stops daily chart default settings
Risk:Reward-Ratio: > 2:1
Description: Since the 8th of April 2021 the chart is forming a bull flag with a nice corrective pattern (which retraced under the 38 Fibonacci retracement ). Target is the 1:1.6 Fibonacci extension of the former impusliv move. Also the MACD can be used as a buy-signal as it was valid in the recent past.
Entry: 17.16$ (this would end the downtrend which is active since the 8th of April 2021)
Stop: 15.76$
Target: 20.92$
Stopmanagement: ATR Stops daily chart default settings
Risk:Reward-Ratio: > 2:1
Description: Since the 8th of April 2021 the chart is forming a bull flag with a nice corrective pattern (which retraced under the 38 Fibonacci retracement ). Target is the 1:1.6 Fibonacci extension of the former impusliv move. Also the MACD can be used as a buy-signal as it was valid in the recent past.
Note
New entry: 16.05$Trade active
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