Silver short

COMEX:SI1!   Silver Futures
Comment: Short at 17.17 SL 18.03 TP 14.67
Trade closed manually: Closed out short at flat. Decided to focus on scaling in long position instead of trying to be cute by shorting. See below.

Going to focus on building long position, looking at 15.70, 15.0 and ideally some into 14 handle to buy.
Genghis Genghis
With the move having the partial bull range recoil pattern I'm hoping we see a pull back to 0.5 fib at $15.

Looks like its going to be a time to fill my boots before we take a charge up to $25+
Genghis Genghis
bull range recoil
Range 16.40 - 13.60. Tested highs while dipping sub 0.5 fib. Partial being as didn't take a full run at lows. Once 16.40 broke we shot up to hit 1.618 fib above $18.
Genghis Genghis

The recoil underway... getting ready to fill my boots long
Genghis Genghis

Nearing first price target
Genghis Genghis

Sat under resistance that I expect to send prices tumbling soon. Won't be getting short as focused on building long position
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