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ScottBogatin
Oct 3, 2023 3:02 PM

Silver had a reversal today should be going higher 

Silver FuturesCOMEX

Description

October 3rd 2023 Yesterday I put a target area for where silver would stop going lower and start moving higher. It did that earlier this morning and what I mean by that is the market opens up around 6:00 pm I believe after the session break and sometime last night it went lower and then it reversed. Now it's only up a little bit and I think that it will continue going higher but there's always a chance that we could have a bear Flag and makes a new low... but we have a Contingency plan if that happens. I wanted to spend time on the importance of an ABCD pattern to help me find a reversal.... and I wanted to spend some time looking at expanding markets.... thinking that many traders don't know what that is so they can't react what they can't see.... so I wanted to articulate it from my point of view.

ABCD patterns
Expanding markets
Comments
pom32peo
Nice entry point techniques, thank you.
jonzeny3
Great post. Thanks.
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