Silver / U.S. DollarUpdated SILVER heads up into $ 33: Golden Sister of our Bouncer and TOP?
Commodities have been in a strong uptrend.
Silver is approaching a MAJOR fib at $32.96.
a "Golden" Ratio and sister of our bouncer.
Here is a Single-Pane chart for easier copying:
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Silver is approaching a MAJOR fib at $32.96.
a "Golden" Ratio and sister of our bouncer.
Here is a Single-Pane chart for easier copying:
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Note
PINGfrom "Give me a ping Vasilly, one Ping only"
So we are at the big picture resistance
If we get a decent pullback, we will start fib'ing it.
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Trade closed: target reached
BOOMCaught that top PEERFECTLY,.
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Hourly View:
Dropped PERECTLY to blue sisteer fib below.
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Zoom in (m15) and including our red strip fib for the drop
The 4.236 at $31.17 was first guess for target of dip.
Now we are bck to that fib, for a possible lower high.
$31.17 is now the KEY: rejection could give lower lows.
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Trade active
BOOM and BOOMPINGs rang out and gave us perfect entries.
Short from the posted Golden Fib for 7.5% gains.
Long from the sister Fib below at 12.83% so far.
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Zoom in (m21) and adding fibs to the bounce:
Gives a first guess target of $34.46 and TP.
And we should have good support $32.90-32.96.
Scalpers SL below 33.50, holders below 32.90
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Trade active
Followup to last Snapshot above:Another leg up, after testing our "Salper stop loss"
Then broke thru our next target, 4.236 at $34.46
And a nice RETEST of 34.46 which can now be SL.
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BIg picture:
Need to flip Golden Covid fib at 34.54 into support.
Next major target and take profit will be 37.15 .
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the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag
the Trading View is my Nation
the Moderator Tag is my Flag
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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.
the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag
the Trading View is my Nation
the Moderator Tag is my Flag
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.