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KaKeungChoi
Oct 3, 2016 10:10 AM

SILVER - Going through a large correction Short

SILVER / U.S. DOLLARICE

Description

SILVER - Going through a large correction

Silver has climb much since early this year, same as gold, its going through a major correction before another climb towards higher price.

Sell at Resist levels towards the support zones, remember all S/R zones and levels has power to reverse the price for correction, support can turn and become resist once price cross over with a close day candle.

Dash Green line is where I expect the correction to be end and price could return to the upper side again.

Comments
KaKeungChoi
Price reached the Strong support zone for my Buy entry, waiting for price action to climb above the zone with a 1 hour close candle to confirm my buy trade.
KaKeungChoi
Silver drop through support zone and landed on support level.
KaKeungChoi
price hanging in the middle of the support zone, if a day close candle break below it, further low.
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