Found some repeating fractals in this medium-long term uptrend of Silver
As you can notice we have a repetition of fractals based on Fib levels. Every short-term uptrend happens after a retracement to 61.8% levels are reached.
I expect a move towards 18.000/18.250 range area (or even lower if short term trend confirms itself) before a new massive uptrend.
As always, be careful, set a proper stop loss, never bet what you cannot afford to lose and stay positive!
As you can notice we have a repetition of fractals based on Fib levels. Every short-term uptrend happens after a retracement to 61.8% levels are reached.
I expect a move towards 18.000/18.250 range area (or even lower if short term trend confirms itself) before a new massive uptrend.
As always, be careful, set a proper stop loss, never bet what you cannot afford to lose and stay positive!
Comment:
Trade still active waiting to see if the last up move was only a trap/momentum.
