Silver fell again today but slowed the descent as the major indicies rallied.
This huge pattern is a triangle squeeze which has morphed a little since last week but it is truly intact.
Although it's ideal to see candle points match exact, we need to allow for some flexible moves to keep us in a trade.
Don't over leverage your positions, this move looks complete...an ABC correction.
Next up should be wave 3 commencing for silver, a powerful rally fuelled by either a rally in the Dow and yet more morphine liquidity which could last months.
This weeks "news" of scares could well be just that...enough for dip buyers of silver to pickup a bargain.
We don't believe they are ready to collapse the system without one more priming push.
So hold on to your hats and positions.
Good Trading!
This huge pattern is a triangle squeeze which has morphed a little since last week but it is truly intact.
Although it's ideal to see candle points match exact, we need to allow for some flexible moves to keep us in a trade.
Don't over leverage your positions, this move looks complete...an ABC correction.
Next up should be wave 3 commencing for silver, a powerful rally fuelled by either a rally in the Dow and yet more morphine liquidity which could last months.
This weeks "news" of scares could well be just that...enough for dip buyers of silver to pickup a bargain.
We don't believe they are ready to collapse the system without one more priming push.
So hold on to your hats and positions.
Good Trading!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.