We had anticipated a sell if the trend line
is broken. While it did break the trend line
, the pullback was sharp and a close back inside the trend line
with two decisive engulfing
candles. Although the short trade was a short term corrective trade anticipation. Our overall bias has been long the silver
and buying pullbacks. This move could give us another opportunity to add to our existing positions or create a new long.
We will wait for corrective structure before going long.
PRACTICE DISCIPLINE AT ALL TIMES.