Silver - Update on Buy Opportunities
For those who have been following our previous analysis, and are in this fantastic trade, congratulations!
As an update to our previous analyses (www.tradingview.com/...VER-Daily-timeframe/), we are monitoring the commodity for new entry opportunities.
Several 60min flags have happened on this first majestic swing to the upside, which gave us new buy opportunities. At the moment, the expected movement is half way through and in a consolidation. Said consolidation might be short lived, however, so this expanding flat that we are seeing on the 4hr timeframe, all considered, could in fact be all the consolidation that there is.
Hence, this flat might be a good new entry level, with an expected target in the $ 18.5 area (completion of the bigger structure expanding flat).
If you feel that our analyses and views may be a useful complement to your trading strategies and in order to be notified in real time with our updates on the lower timeframes, please remember to click on the Follow button.
Remember that you can double check the bigger structures that are at play are on the weekly and daily time frames also by scrolling around the charts in the lower 4hr and 60min timeframes (right and left, up and down).
Trade with care and only with a backtested strategy that has proven to work in relation to your invested capital, risk appetite and potential small losses you might incur in before profiting from a good trade.
Thank you for viewing.
As an update to our previous analyses (www.tradingview.com/...VER-Daily-timeframe/), we are monitoring the commodity for new entry opportunities.
Several 60min flags have happened on this first majestic swing to the upside, which gave us new buy opportunities. At the moment, the expected movement is half way through and in a consolidation. Said consolidation might be short lived, however, so this expanding flat that we are seeing on the 4hr timeframe, all considered, could in fact be all the consolidation that there is.
Hence, this flat might be a good new entry level, with an expected target in the $ 18.5 area (completion of the bigger structure expanding flat).
If you feel that our analyses and views may be a useful complement to your trading strategies and in order to be notified in real time with our updates on the lower timeframes, please remember to click on the Follow button.
Remember that you can double check the bigger structures that are at play are on the weekly and daily time frames also by scrolling around the charts in the lower 4hr and 60min timeframes (right and left, up and down).
Trade with care and only with a backtested strategy that has proven to work in relation to your invested capital, risk appetite and potential small losses you might incur in before profiting from a good trade.
Thank you for viewing.
Komen:
For those who aren't yet in the buy. Watch it when it gets to the top, however, because this corrective structure might not be over yet:
Komen:
Could also play out like this, becoming a longer correction. Ideally therefore, the best place to buy is when it breaks the top of this supposedly expanding flat, at "B".
Komen:
We are closing our positions in profit, as the structure is now telling us that chances are for it to go down for one more movement, retesting the previous low at $15.50.