SILVER : Going long
Since I do expect a market crash, I was interested in taking positions in commodities like Gold and Silver. At that moment I felt that Silver was in a much better price point as per technicals when compared to Gold and so I did take a position on Silverbees for about 5% of the net capital.
Expecting a move of about 12.5% to the top of the channel line as per this chart but since Silverbees is traded at a premium valuation, the move may be less than this, in terms of percentage. Will attach the posts related to this idea, underneath this post. Do check that out too.
Will consider adding on to the position if price falls to the lower trendline of the higher timeframe channel, even if it happens before the target being hit.
Expecting a move of about 12.5% to the top of the channel line as per this chart but since Silverbees is traded at a premium valuation, the move may be less than this, in terms of percentage. Will attach the posts related to this idea, underneath this post. Do check that out too.
Will consider adding on to the position if price falls to the lower trendline of the higher timeframe channel, even if it happens before the target being hit.
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