Update of silver THE AB=CD Move completed at 16.28 Previous High at 16.34 113% Level at 16.29
These three levels forms a PRZ and price action shows bearish we can see a two Pin Bar already formed. So i will still short Silver unless it breaks up 16.34 with a bullish candle close above.
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LOOK AT THE PRICE ACTION IT SHOWS THE BULLISH MOMENTUM IS GONE
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Transakcja zakończona: osiągnięto poziom stop
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Stopped out. Huge bulilsh move. Now consdier to buy if pull back
Komentarze
jangseohee
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tntsunrise
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AGREE
Predix
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how many pips we looking at here? :) 50? I open sell on cost 16.136
JamesBrown
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Looks like a small time-frame (10-15 min) head and shoulders reversal pattern in the making, near completion, on low volume, off of RSI divergence. Small time-frame short signal near confirmation.
mrezaei
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Nice setup, but testing the PRZ several times usually means the current trend is too powerful and the setup might fail, just my novice opinion.
suburra
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i dont think so... this is a reaccumulation. silver is bullish
uperth
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How far are we going up now if we are bullish?
uperth
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Shall we go long now? What is the target?
tntsunrise
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16.95
uperth
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OK thanks so we reached the target now, and are turning south?