Silver retracement in progress - could be a bigger retrace?

As always - if in the channel stay long with your stops a few point below the trendline. It looks like silver is going in for a retracement. We have found support on the middle trendline so far. Silver is still a buy the dips trade unless it breaks below 17..

the long trades in silver looks healthy at the moment with nice pull backs and impulse movements..

There is one bit where I have highlighted in a yellow triangle that I just cannot work out the count .. this may cause some issues trading in the future..

REtracement level 18.10

Invalidation level 17.913

تعليق:

It looks like silver has found support on that trendline again.. incredible.. I am long as long as it stays above..