Black levels are my points of interest where I'll be looking for next longs on Silver. 18.00 looks very fragile currently, not giving much hope on it to hold. 17.60 seems mellow, but 17.00 looks nice with all that Fibonacci confluences (0.5 of the full bull ride since end of May (red one) + full retrace of the last bull run (blue one) + 1.618 extension of the last drop from high (purple one)). So "douze points" goes to 17.00 level ATM.
That grey ray at 16.30 is also nice Fibonacci confluence, but it seems so far away ...
Potential targets are marked blue on weekly chart below.
Daily:
Weekly:
Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
That grey ray at 16.30 is also nice Fibonacci confluence, but it seems so far away ...
Potential targets are marked blue on weekly chart below.
Daily:
Weekly:
Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
Order cancelled
No trades here in the past week.Trade active
Opened long positions here.Note
Looking for TP1 and TP2, longer term hopefully to D point level.
Trade closed manually
Closing here.
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Related publications
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.