Please watch this video to understand why I believe the downside risks are still dominant related to price trending.
Yes, we've seen a solid recovery today, but watching Silver and RSP, it appears the Excess Phase Peak pattern is still progressing toward a breakdown new low.
I urge all traders to stay very cautious of the risks throughout today and Monday.
The markets need to climb higher quite a bit to invalidate this pattern - and I don't see that happening before Nov 5.
Buckle up.
Get some.
Yes, we've seen a solid recovery today, but watching Silver and RSP, it appears the Excess Phase Peak pattern is still progressing toward a breakdown new low.
I urge all traders to stay very cautious of the risks throughout today and Monday.
The markets need to climb higher quite a bit to invalidate this pattern - and I don't see that happening before Nov 5.
Buckle up.
Get some.
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Love My Videos/Research - GET MORE..
-- Special TradingView Tools
-- Automated Trading Systems
-- Proprietary Algos/Signals
-- More..
Join Ment.com Expert Growth Today
Get Some.
-- Special TradingView Tools
-- Automated Trading Systems
-- Proprietary Algos/Signals
-- More..
Join Ment.com Expert Growth Today
Get Some.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.