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Wompus
Sep 9, 2018 6:37 PM

SILVER (US$/OZ) Giving us the run-around. 

SILVER (US$/OZ)TVC

Description

Before, I posted that SILVER (US/OZ) was a potential short. Today has shown two indicators (at least that I was wrong at the time. This shows what waiting to put in a position can do for your bank account, We had the 50 and 200 day Moving Averages showing us that there should have been a downward trend and a good opportunity to short. It was the wrong call, Time, a Pitchfork, and a trusty reverse head and shoulders pattern show us that SILVER should be back on its way up, shortly. This is a lesson in patience for me, 100%.

Comment

So far, so good. Enjoy the profits

Trade active

Heading Downward. Correct prediction.
Comments
Jamal92
The head and shoulder pattern is invalid as the head is smaller then the left and right shoulder.
Wompus
@Jamal92, It means it's inverse, indicating a downward trend pattern.
Wompus
@Jamal92 Apologies, it indicates trend reversal.
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