Mattson

Mattson Updated  Feb 15, 2017

I think silver is on its way to confirm the bottom that was set in december 2016. I don't think that is quite confirmed yet because silver is sill ranging in the downward trend since the peak in 2016-07-04. But I can see two potential inverse head and shoulder come into play. First play: If silver closes over 17.20 these three coming trading days, I would expect...

Mattson Feb 15, 2017

I have been waiting for this setup since early february. I was looking for a bounce at 1.050, but it made such a nice reversal bar today that I couldn't resist to take it now (still one hour before close though). I will take the trade here and aim for 1.1290.

Mattson Updated  Jan 24, 2017

Despite being close to ATH there isnt much going on, and divergences are starting to build up. Even though the latest top RSI didnt manage to hit a new high. I also think that the gaps that has occured during this rally is going to get closed. Short entry: 2253 S/L: 2268 TP:2192 (or 2-day exit trail)

Mattson Updated  Jan 18, 2017

Looks like a potential double top, with a 4h reversal bar. Short if low of 4h reversal bar breaks. Short: 1199 S/L: 1210 TP 1: 1185 TP 2: 1150

Mattson Updated  Jan 18, 2017

Inverse head and shoulder pettern that broke out in november last year. After it broke out it retested the breakout line and managed to hold it. Long: above 58,25 S/L: 53,50 TP1: 69,5 TP2: 88 Timeframe 4-5 months

Mattson Jan 16, 2017

It's a inverse head and shoulder bottom pattern that started since 2014-09-22 and it finally broke out last week on heavy volume. There might be a pullback on the breakout line, for this pattern to be valid it shouldnt go below last low (24,17). The timeframe for this trade to hit TP is between 3-4 months.