Silver is facing two SHORT path.
As subject, to my understanding, whatever the price breaks the top or bottom of the triangle. it's time to finish the 2nd corrective wave and start the 3rd corrective wave. So the assumption is that price might fall to the 0.5 level of the 5 impulse waves and finally reach/test the resistance structure between the 0.618 and 0.786 level of the 5 impulse waves after breaking the triangle in order to finish the 5 impulse wave + 3 corrective wave model which created by Brexit.
הערה
Happiness always comes fast, but this time is extremely fast;) The 0.5 level has been achieved within 1 day. So the short term SHORT could take profit now, and SHORT again at 0.618 pull back. For mid term SHORT, we could still hold it until the resistance structure between 0.618 and 0.786 has been reached. הערה
Two SHORT plans...הערה
The resistance structure between 0.618 and 0.786 has been reached successfully! Cheers! So for next step, let's wait and see the kindle/RSI reaction in BLUE zone.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.