Hey guys. Thought I would give you another post before I return to treatment. Anyways, I am featuring a commodity which I haven't done yet so I don't know how many of you will be interested but regardless, let's get into the trade.
This is one of the best setups I have seen in a while. Silver has a reputation of sticking to trendlines religiously which I am very thankful for. You can't really see from my chart here (I implore you to look at this idea on your own chart) but silver has just currently broken through a trendline that's been holding for the past few years or so. You can also see on the 4h chart that once it was broken the market stalled for a bit signaling the market acknowledges it. From there , we have moved up to the cyan retracement which the market will surely struggle getting over. In the even it does, if this leg is over, we could expect to see a retracement to in between the two red lines. If it continues to climb, we should by this time be ready to retrace to the dotted blue line. Just my analysis. I am hoping that someone will gain something from this idea but this is mostly a time capsule for when I return.
Good luck and happy trading!
This is one of the best setups I have seen in a while. Silver has a reputation of sticking to trendlines religiously which I am very thankful for. You can't really see from my chart here (I implore you to look at this idea on your own chart) but silver has just currently broken through a trendline that's been holding for the past few years or so. You can also see on the 4h chart that once it was broken the market stalled for a bit signaling the market acknowledges it. From there , we have moved up to the cyan retracement which the market will surely struggle getting over. In the even it does, if this leg is over, we could expect to see a retracement to in between the two red lines. If it continues to climb, we should by this time be ready to retrace to the dotted blue line. Just my analysis. I am hoping that someone will gain something from this idea but this is mostly a time capsule for when I return.
Good luck and happy trading!
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.