XAGUSD, Bullish Momentum again .
From the Low of Aug to High of Oct Silver gave a good impulsive move , then a A-B-C correction , Shorter TF below Daily the C wave was an extended C and did the Depth of Correction( Correction up to 4th of one lesser degree).
Now looks like a new impulse to start 1&2 done with 78% retracement where 2 is a sharp correction . I have placed a entry 30.29 and got it SL is 30.22 Target 1 is 31.52 and final target may be 32.99. This is not a investment advice but sharing it for my own learning and education purpose only .
Now looks like a new impulse to start 1&2 done with 78% retracement where 2 is a sharp correction . I have placed a entry 30.29 and got it SL is 30.22 Target 1 is 31.52 and final target may be 32.99. This is not a investment advice but sharing it for my own learning and education purpose only .
Note
For this particular trade SL Hit ... But is view to be change .... Not yet . To change the view from Bullish to Bearish..
1. Dow theory to be changed ( Still a Higher high ).
2. Down side TL Break Down needed .
I am not looking to short it . but will see if any good oppturnity to go long .
(5.15am , Nov 28,2024 IST)
Note
Those who shorted are trapped now , possibility of good upside move ...
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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.