Silver 3peat?
Updated
Just trying to spot patterns and it would be interesting ... and hopefully profitable if this pattern continues
- Rally off long term supportive TL rejected twice at (A) high -> pulled back to (A) 50% fib
- Subsequent rally got to (A) 1.618 breaking through (B) high but failing to push above (C) high --> pulled back to (C) 50% fib
- Subsequent rally got above (A) 2.618 and almost to (C) 1.618 but failing to push above (D) high --->
??? pull back to (D) 50% fib ???
- Rally off long term supportive TL rejected twice at (A) high -> pulled back to (A) 50% fib
- Subsequent rally got to (A) 1.618 breaking through (B) high but failing to push above (C) high --> pulled back to (C) 50% fib
- Subsequent rally got above (A) 2.618 and almost to (C) 1.618 but failing to push above (D) high --->
??? pull back to (D) 50% fib ???
Trade active
Short at 20.12, SL at 20.60, TP 17.60Note
Tracking well thus farNote
10c off the 3peat being completeTrade closed: target reached
Short trade closed :)May have more room to head south but will keep eye on next set up; whether to reenter short into further dip or look to get long term LLLOOOOONNNGGG!
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