Silver USD Analysis on Renko
Updated
Nothing big, just practicing some different techniques and wanted to share my chart for some feedback.
I think between June and April there will be some opportunities for a good entry point into the market.
If the price breaks the current .618 support then I see a trend reversal to the first entry point. As the market is closing into the cone, these entry points seem ti be great for some good longing opportunities.
Please share your opinions with me about anything I should be considering so I can improve my analysis ability - Thanks :)
I think between June and April there will be some opportunities for a good entry point into the market.
If the price breaks the current .618 support then I see a trend reversal to the first entry point. As the market is closing into the cone, these entry points seem ti be great for some good longing opportunities.
Please share your opinions with me about anything I should be considering so I can improve my analysis ability - Thanks :)
Note
I thought I should add more context to my analysis.The yellow line indicated current .618 support.
Red or what appear to be the strongest resistance lines and green are what appear to be the strongest support lines with the blue lines showing strongest resistance and support line.
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