Thank you for taking the time to read my idea, your support is appreciated.
Silver finished today on a tear and accelerated upwards.
No doubt we are in the midst of wave 5 which is the most dramatic in precious metals.
Could well be a parabolic move upwards to finish the rally.
We need to be careful this week and monitor the prcie action.
Would be looking for an obvious exhaustion or reversal candle to warn us of a probable top.
The stock markets refuses to buckle and this supports silver.
Protecting our profits on a silver reversal is critical...don't be greedy.
Once this wave 5 completes, we will have a lengthy correction.
This could also coincide with the markets turning down.
So, lets ride this bull for now.
Silver finished today on a tear and accelerated upwards.
No doubt we are in the midst of wave 5 which is the most dramatic in precious metals.
Could well be a parabolic move upwards to finish the rally.
We need to be careful this week and monitor the prcie action.
Would be looking for an obvious exhaustion or reversal candle to warn us of a probable top.
The stock markets refuses to buckle and this supports silver.
Protecting our profits on a silver reversal is critical...don't be greedy.
Once this wave 5 completes, we will have a lengthy correction.
This could also coincide with the markets turning down.
So, lets ride this bull for now.
Trade closed: target reached
Silver just soared 3% the past hour and I won't be greedy.Closed out.
Note
Silver looks to have topped out with a parabolic move.The daily candle shows a shooting star.
May find support at the breakout point of around $21.25.
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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.