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KVE
May 4, 2016 11:56 PM

XAG/USD: Silver correction, bat coming up? Short

Silver/U.S. DollarFXCM

Description

Silver in consolidation after last strong impulse up. First down move broke the up trendline. We might have finished a first corrective wave down (A wave?), now going up again (B wave?).

Possible bearish bat at 61.8% retracement of last move down might get us back down (C / W wave)...

Don't go in blind, look for confirmation on lower TF's for ending structures/patterns and possible momentum signals.

Comment

Just missed my entry, damn, that happens when you're not around and set orders tightly...
Comments
DownUnder
Good call, Update ??
KVE
No trade for now, I need confirmation now, wait and see...
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