silver is on a corrective move, forming a descending triangle at the moment, with lower highs and equal lows on the higher time frame 4h. the lower time frame, 5m is forming the opposite, equal highs and higher lows, which means there is a correction inside a correction, and the extension on the 5m is targeted at 74, so the setup here becomes, sell stop limit order at 74. with stop loss at 75, and take profit at 62.
entry type: sell stop limit order: 74.00
stop loss: 75.00
take profit: 62.00
entry type: sell stop limit order: 74.00
stop loss: 75.00
take profit: 62.00
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
