silver TA, is the bull count on or shall we follow the bear one?

Ciao Traders !
Happy trading to all !

Alternatively we are making a 5 wave, we retrace and go further up.
invalidation point is the previous low


Disclaimer:
This is not financial or investment advice
I am not a professional in the financial or investment fields
This analysis is just for entertainment purposes
Do not follow what I do or do it at your own risk

Comment:

HI traders.. a quick updated for what should be for me, along with gold, the best trade of the year (possibly along with Oil too :)
Based on the latest correction i think we have another move to the upside as indicated by the right red line.
we shall slightly break the green are and therefore the previous high, this will give the algos the opportunity to hunt the stop loss above the previous high of 21.13 before pushing down to complete the correction started in mid 2011.
I will possibly go long after a further leg down that we shall get this week (starting tonight 29th sept.)
My long temporary target will be around 21$, where i will close 50% of my position and leave another 50% with a tailing stop loss.
I might also decide to get some gains closing 25% of my position at 19,75$, I will evaluate on the way up.

Happy trading

Trade active:

I ma not trading Silver due to the high commissions on the platform I use.. but man,, I wish I did :)
If someone got inspired by this, then the trade should be still active with maybe a trailing stop in profit