We can clearly see a rising wedge inside another rising wedge, plus, some rsi bear div.
Short it I will
TP 16.2
SL 17.5
Short it I will
TP 16.2
SL 17.5
Comment:
this is a Shark attack! s3.amazonaws.com/tra...shots/l/LVZlD6zo.png
Comment:
After that powerful bullish shark came into play, I hope for reversal with this butterfly ! to finish this short but long correction
If resistance comes into play; $17.7 and $17.65 are important historic prices for silver, this last move completes the rising wedge
We will re-enter with a short trade Possible price $17.69, key to renter is finding the reversal pattern and patience!
We will re-enter with a short trade Possible price $17.69, key to renter is finding the reversal pattern and patience!
Comment:
I still hold a bearish sentiment of trend.
Comment:
I extended bullish shark to its limit which is fibo 1.618; matches butterfly in low timeframe,
Comment:
Butterfly has been filled
Comment:
hope you enjoyed ! I am looking for a retest of neck and some more continuation to the downside
Trade closed: target reached
