SILVER
I think SILVER and GOLD may be into the next wave up here.
It had a fast slump, moved on up, had another weaker slump with a higher low and now moving up again.
I think that is likely to be a typical bullish 3 wave correction.
Notice how the overall trend trajectory has not been affected by the 3 wave correction.
That is another bullish clue I think.
The next wave up could be underway here.
And this looks a reasonable dip buy; trading with momentum ๐.
I think SILVER and GOLD may be into the next wave up here.
It had a fast slump, moved on up, had another weaker slump with a higher low and now moving up again.
I think that is likely to be a typical bullish 3 wave correction.
Notice how the overall trend trajectory has not been affected by the 3 wave correction.
That is another bullish clue I think.
The next wave up could be underway here.
And this looks a reasonable dip buy; trading with momentum ๐.
ืืขืจื:
Did look bearish but lower wicked candle shows buy pressure coming back in.
These lower wicks can have more significance in a strong uptrend.
I bought the dip again ๐.
These lower wicks can have more significance in a strong uptrend.
I bought the dip again ๐.
ืขืกืงื ืคืขืืื
ืืขืกืงื ืืืืื ืืืืคื ืืื ื:
I've looked at GOLD and SILVER more and I think; looking at higher time frame its a bit smelly to add more in this area.
I dont like two upper wicked candles; the second just printed.
So i'll exit what I added today here, and i'll only add to my position if there is a real pull back ๐.
I dont like two upper wicked candles; the second just printed.
So i'll exit what I added today here, and i'll only add to my position if there is a real pull back ๐.
ืืขืจื:
ืืขืจื:
SILVER
There is a lot of calm vs whipsaw in this area which signals that this is a coil printing / contracting triangle.
No guarantees that it moves on up from such a pattern but it most likely to be a bullish continuation pattern.
And it could be an explosive one.
4H RSI in that nice middle sweet spot too.
This entry is a bit back and forth as I look for the reveal, but perhaps this is it here ๐.
There is a lot of calm vs whipsaw in this area which signals that this is a coil printing / contracting triangle.
No guarantees that it moves on up from such a pattern but it most likely to be a bullish continuation pattern.
And it could be an explosive one.
4H RSI in that nice middle sweet spot too.
This entry is a bit back and forth as I look for the reveal, but perhaps this is it here ๐.
I'm taking a break from TradingView but you can find me every day in my Telegram Trading Group ๐ง
Priority trades, round the clock updates and a 1 hour technical video per week ๐ผ.
$50 per month ๐๐ป.
Contact: t.me/dRends35
Priority trades, round the clock updates and a 1 hour technical video per week ๐ผ.
$50 per month ๐๐ป.
Contact: t.me/dRends35
Taking a bearish turn here so perhaps better to top up later as this could be a shakeout into another wave down here ๐คจ.