wolfstreetswinger
Short

SHORT SILVER ENDING TRIANGLE

TVC:SILVER   CFDs on Silver (US$ / OZ)
IN MY VIEW WE ARE SHORT SILVER             TO 14.600 THEN LONG TO $32
OR SHORT TO 8.600 THEN LONG TO $32 NOW THAT'S ELEMENTARY

SILVER             CURRENTLY IN WAVE 5 OF THE DOWNTREND IS NO DOUBT STILL VERY BEARISH I AM HOLDING SHORT AT LEAST TO THE RISING SUPPORT IN THE $14 AREA BUT WE HAVE A GOOD BEARISH SIGNAL FROM MR FISHER THERE AND THE HEAVY BEARISH KUMO SUGGESTING WAVE 5 COULD SEE US BACK TO AS LOW AS $8 ESPECIALLY WITH UPCOMING RATE HIKES.

ITS ALSO CLEAR THAT WE COULD BE IN AN ENDING TRIANGLE UNTIL WE REACH POINT D WHERE WE COULD BREAK TO $32 OR AGAIN DOWN TO THE 8 MARK BEFORE THE MOVE UP.
great view
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Great thoughts mate...
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Thank you as they say simplicity is the ultimate sophistication. Although we can never be sure 100% we'll see how we go.
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piptamil wolfstreetswinger
Advice not only for forex but for life...
cheers :)
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