When silver broke down the huge triangle my idea was to closely look for potential bear trap. But we have been staying beyond the triangle for a long period of time and I ceased to look at it. But now chances are silver can needle back and cross the middle point of the pattern. In this case, I am going to look for patterns in minor timeframes to catch the last shining moment.
Order cancelled
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Fortunately, I was disciplined enough to wait for the entry point which had not come. Pattern is burst
Silver has been rumbling today on 27th August like it is hungry for some action. How Silver finishes this month is critical. It is important that we all back the truck up today and Monday but especially on Tuesday of next week. Of course manage your own risk and do your own due diligence. We are $2.00 or so away from it busting through! This is one to watch still. Your analysis may have been right but the timing a 27 days premature.
crazywlst
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@johnmknox, Thanks for your feedback! I keep an eye on the metal and I fully agree, the chances are the previous scenario may finally end up bursting through the junction. In this particular case I guess timing was not an issue, we have to adjust the vision according to the new information. At that particular point we had that particular picture in our disposal, now the new pieces of puzzle starts to uncover.