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TAtrader
Mar 31, 2016 10:40 AM

Silver: wait to buy! Long

Silver/U.S. DollarFXCM

Description

Hello everyone,

The corrections on Silver and Gold have not been finished yet. However, on EUR/USD this the contrary is the case. Those correction of cycle II has been finished.

On Silver this is not the case yet. We should wait for cycle II to complete and of course buy there with a lot more certainty.

May God bless you!

Good luck.

Comment

Volatility is very high. Make sure how to trade this, because it can be dangerous.

Comment

No clue what happened here. :) I guess the commodities market is just very uncertain. I closed this last week I guess.

If this day closes above the wedge, the breakout up will be confirmed.

Comment

The labeling went wrong at some points.
Comments
TAtrader
4h update

albertwt
So when is the good time to buy Silver on the chart above ?
TAtrader
In the bottom range, so at 15,25 would be the best entry.
TAtrader
According to this old chart.
TAtrader
The pink pattern is not correct: it is a rising wedge.
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