SILVER
I think SILVER and GOLD may be into the next wave up here.
It had a fast slump, moved on up, had another weaker slump with a higher low and now moving up again.
I think that is likely to be a typical bullish 3 wave correction.
Notice how the overall trend trajectory has not been affected by the 3 wave correction.
That is another bullish clue I think.
The next wave up could be underway here.
And this looks a reasonable dip buy; trading with momentum ๐.
I think SILVER and GOLD may be into the next wave up here.
It had a fast slump, moved on up, had another weaker slump with a higher low and now moving up again.
I think that is likely to be a typical bullish 3 wave correction.
Notice how the overall trend trajectory has not been affected by the 3 wave correction.
That is another bullish clue I think.
The next wave up could be underway here.
And this looks a reasonable dip buy; trading with momentum ๐.
Comment:
Did look bearish but lower wicked candle shows buy pressure coming back in.
These lower wicks can have more significance in a strong uptrend.
I bought the dip again ๐.
These lower wicks can have more significance in a strong uptrend.
I bought the dip again ๐.
Trade active
Trade closed manually:
I've looked at GOLD and SILVER more and I think; looking at higher time frame its a bit smelly to add more in this area.
I dont like two upper wicked candles; the second just printed.
So i'll exit what I added today here, and i'll only add to my position if there is a real pull back ๐.
I dont like two upper wicked candles; the second just printed.
So i'll exit what I added today here, and i'll only add to my position if there is a real pull back ๐.
Comment:
Comment:
SILVER
There is a lot of calm vs whipsaw in this area which signals that this is a coil printing / contracting triangle.
No guarantees that it moves on up from such a pattern but it most likely to be a bullish continuation pattern.
And it could be an explosive one.
4H RSI in that nice middle sweet spot too.
This entry is a bit back and forth as I look for the reveal, but perhaps this is it here ๐.
There is a lot of calm vs whipsaw in this area which signals that this is a coil printing / contracting triangle.
No guarantees that it moves on up from such a pattern but it most likely to be a bullish continuation pattern.
And it could be an explosive one.
4H RSI in that nice middle sweet spot too.
This entry is a bit back and forth as I look for the reveal, but perhaps this is it here ๐.
I'm somewhat quiet on TView for now but you can find me pumping content every day in my Telegram Trading Group ๐ง
Part 2 of the fortnight video now uploaded to the group: 27th May - Crypto focus๐ผ.
$50 per month ๐๐ป.
Contact: t.me/dRends35
Part 2 of the fortnight video now uploaded to the group: 27th May - Crypto focus๐ผ.
$50 per month ๐๐ป.
Contact: t.me/dRends35
Taking a bearish turn here so perhaps better to top up later as this could be a shakeout into another wave down here ๐คจ.