Silver / U.S. DollarShort
The Silver Trap: Don't Fall for the Bullish Breakout
I'm about to say the obvious: Silver doesn't want to rally. It teases the bulls, reaching levels where they can finally breathe a sigh of relief, only to slide back down. Let me illustrate this on the chart. Imagine you're looking at the chart on June 06, and there's nothing to the right (just cover it up with your hand or a piece of paper). You see a big "bullish" candle, breaking through local resistance – it's a classic setup. Tempting, right? Did you take the bait? I did, hundreds of times. But after 2 years of studying algorithmic trading and testing this pattern, I realized it doesn't work as advertised. Hundreds of hours of testing didn't yield long-term positive results. However, trading against this "breakout" pattern showed promise.
Here's the point of this post: subscribers know we never rely on a single factor or sentiment. We use multiple data sources to gain an edge. But there's a secret method that works almost as well: looking at the chart through the eyes of "smart money" – big players who know how to use retail traders' patterns against them. They see opportunities and liquidity, and they're not afraid to use it. Hundreds of hours of testing confirm this. So, be cautious of that bullish breakout – it might just be a trap.
Here's the point of this post: subscribers know we never rely on a single factor or sentiment. We use multiple data sources to gain an edge. But there's a secret method that works almost as well: looking at the chart through the eyes of "smart money" – big players who know how to use retail traders' patterns against them. They see opportunities and liquidity, and they're not afraid to use it. Hundreds of hours of testing confirm this. So, be cautious of that bullish breakout – it might just be a trap.
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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.
ALL-in-ONE Free Platform For Your Market Edge WWW.CLASHCHARTS.COM
TG CHANNEL t.me/clashcharts - No VIP/No Signals- Only Rationale Market Ideas and Insiders' Hidden Insights
TG CHANNEL t.me/clashcharts - No VIP/No Signals- Only Rationale Market Ideas and Insiders' Hidden Insights
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.