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luckylegs10
Dec 2, 2017 5:25 AM

12-01 SLV Chart (by Got Goldies) 

iShares Silver TrustArca

Description

The rule outside of a channel breakout is a 3 tap retrace. The wick under the down move is bullish; it means buyers came in.
Comments
nycabman
Although we may get some blips along the down channel, we are still in a down channel. 3 options; We start a run, not likely. We dip to$14 ish likely. We did to $12, possible and getting more nd more of a chance. But, after the final dip, where ever that ends, we rise a LOT. Just my op. Your charts are good, but you should leave open the possibilities that exist depending on where the waves extend.
luckylegs10
@nycabman, If Silver was going to $21 again this latest downturn pretty much did that in. I'm now looking for alternatives.
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