We have one more wave up before the larger correction. Buying a little at 17.80 and more every ten cents lower. I don't think it goes lower than 17.50 considering how booming Silver is right now. That being said, the market will need to be in correction for this to happen (I think that is likely next week).
For myself, I will be selling on every dollar over 20 as we explore the "wick" areas.
Good Luck and trade safe!
For myself, I will be selling on every dollar over 20 as we explore the "wick" areas.
Good Luck and trade safe!
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Looking at the smaller time frames, I'm expecting a bounce starting Monday to 19 (or more) then a further correction. This correction could take a while considering the run up was multiple months.
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Under 18 would be a good entry IMO, maybe to 17.80
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Bounce Targets I'm watching -
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Still holding Silver from 17.80, now that I see the structure clearer, I will be trailing a stop when we get close to the trendline. I think we'll have more downward pressure once this upleg is finished.