Silver 3peat?
Updated
Just trying to spot patterns and it would be interesting ... and hopefully profitable if this pattern continues
- Rally off long term supportive TL rejected twice at (A) high -> pulled back to (A) 50% fib
- Subsequent rally got to (A) 1.618 breaking through (B) high but failing to push above (C) high --> pulled back to (C) 50% fib
- Subsequent rally got above (A) 2.618 and almost to (C) 1.618 but failing to push above (D) high --->
??? pull back to (D) 50% fib ???
- Rally off long term supportive TL rejected twice at (A) high -> pulled back to (A) 50% fib
- Subsequent rally got to (A) 1.618 breaking through (B) high but failing to push above (C) high --> pulled back to (C) 50% fib
- Subsequent rally got above (A) 2.618 and almost to (C) 1.618 but failing to push above (D) high --->
??? pull back to (D) 50% fib ???
Trade active
Short at 20.12, SL at 20.60, TP 17.60Comment
Tracking well thus farComment
10c off the 3peat being completeTrade closed: target reached
Short trade closed :)May have more room to head south but will keep eye on next set up; whether to reenter short into further dip or look to get long term LLLOOOOONNNGGG!
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.