Regarding my last post...silver bulls last stand...
See the first part to this count that is somewhat questionable....Note the top of the candle body on Wave 1 (white) and the bottom of wave 4(white) candle bodies...both sit right on the blue line. Any thing more in either direction would invalidate the count...only the wicks are allowed to overlap and still remain a valid count.
Note...on any time frame of less than a week these do overlap by more than a wick...which is why i say this is a very lenient count for the bulls...I usually only allow a max time frame of a day without overlap before invalidating such a count.
Either way, I do see a bounce short term...so this could be the last chance to lighten up on silver if you believe that that the bearish count is correct!
See the first part to this count that is somewhat questionable....Note the top of the candle body on Wave 1 (white) and the bottom of wave 4(white) candle bodies...both sit right on the blue line. Any thing more in either direction would invalidate the count...only the wicks are allowed to overlap and still remain a valid count.
Note...on any time frame of less than a week these do overlap by more than a wick...which is why i say this is a very lenient count for the bulls...I usually only allow a max time frame of a day without overlap before invalidating such a count.
Either way, I do see a bounce short term...so this could be the last chance to lighten up on silver if you believe that that the bearish count is correct!
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.