One of my favorites for the future. But not yet, I have to wait a little longer. For now it seems to give me a good chance to go short. The "Silver close but not yet" chart continues to serve as a loose reference for measuring its movement. I must be very aware because there are two possible scenarios, this could be the beginning of a power uptrend movement. I have a very good point of reference in which I will be aware of how it develops.
הערה
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WAW... is moving fast. Touching the R&S... eyes wide open...
@eduardtgv, Whats next? Reservations in the hotel of some paradise island for example? lol ...
I'll let him settle down. will see.
Spokoze
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'Sell in May and go away' season is at our door step..... Moving up just after the 4th of July.....seems likely
Tara
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Thanks for sharing. With the USD being bullish, do you think Silver will pullback until 16.60 range?
normstock
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@Tara, Hello Tara, you are very kind to write me. I try to avoid to the maximum the elements of influence and I try to mark the levels that the chart gives me and nothing more .. Only in moments in which "something" is needed, I check in reports or news.
With that being said, according to my analysis Silver was not able to cross a important resistance and it is receding.
Until where?
The levels that the graph is currently giving me are those marked. However, the purple arrow marks an important support that could boost it and push it to cross ---> "Review for Bullish plan" angle.
(If you follow the purple arrows, I included the whole plan in uptrend as a reference.)
As always, this is just an idea, a map that I can use as a reference. The levels are quite broad and taking into account the size of the contracts we are talking about a lot of money. I have to move very carefully and be able to adjust as necessary.