Silver Supply Rejection
Updated
Silver has just tested the Fresh Supply Zone, with a High Test Rejection Bar ( pin bar) ,
at a near 886 retracement of the prior upswing.
Most retail traders are net long Silver ( 95%+) . The Contrarian View is to take the opposite.
A trade is considered for Silver to retest the Demand Zone Below.
Enter - now
Stop - Above prior swing high
Target - Conservative Demand Zone. Aggressive look to prior lowest low .
RR = 2
at a near 886 retracement of the prior upswing.
Most retail traders are net long Silver ( 95%+) . The Contrarian View is to take the opposite.
A trade is considered for Silver to retest the Demand Zone Below.
Enter - now
Stop - Above prior swing high
Target - Conservative Demand Zone. Aggressive look to prior lowest low .
RR = 2
Note
Supply zone confirmed with double top, target still to be reached
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