Silver Futures 08 DECEMBER 2021 1030hrsYou can see why the price got stuck in a range. It collided with a PVR. All a PVR is is an area where a mark-up (or mark-down) initiated. Like I mentioned before there are only 3 things that can happen at a PVR......You will have to look though my past charts to find them until i post them again however, its pretty obvious.
By no means is this a level where I would short... too low. Where does SM buy.... LOW. Smart money BUYS LOW and SELLS HIGH... There is ZERO deviation from this fact. If you always keep that in mind, you greatly enhance your chances of a win. Never fight the market, go with it. Do what SM does.
In order to sell I would be targeting a previous violent reaction from a supply zone. If looking to short, the further away from support/demand zones the better. Think about it logically. If you where in a long position where would you want to take profit? If short from the top, where would you want to take profit?
Supply and demand, volume, price action. This is the way to trade.
VSA/WYCKOFF will show you the template of the market.
