Silver@ Harmonic Patterns Completion To Complete a WXYXZ Pattern
Looking at silver we can see that a bearish butterfly and a bearish deep crab harmonic pattern have completed in with their D points at the upper trendline of rising channel. In the channel we have 4 of 5 corrective waves (WXYXZ) completed and there is a great possibility that these two harmonic will push price down in order to have the last Z wave completed.
A good confirmation is that RSI is extremely overbought.
As usual i will trade this set up, entering the market with two position. SL and PT as shown at the chart. If price reaches the first one i will move SL to breakeven at the second one.
Like and comment,
John
A good confirmation is that RSI is extremely overbought.
As usual i will trade this set up, entering the market with two position. SL and PT as shown at the chart. If price reaches the first one i will move SL to breakeven at the second one.
Like and comment,
John
Trade closed: target reached:
That was so fast.. Move stoploss to breakeven.
Trade closed: target reached:
Fastest profit ever.!!!
