Weekly Silver outlook with ICT market structure
Updated
Just some basic support and ICT structure analysis. Major reversal\inflection zone at $10 which we could hit if the current triple bottom at $14 gives way which it could.
Other option is rejection of current $14 low in a "spring" move which would lead to the last year's price action being an accumulation range and we would exit this trading range to the upside.
Just a pure TA view, not directed from any fundamental fiat currency basis.
Other option is rejection of current $14 low in a "spring" move which would lead to the last year's price action being an accumulation range and we would exit this trading range to the upside.
Just a pure TA view, not directed from any fundamental fiat currency basis.
Trade closed manually
Looks like we took option two and exited to the upside with $14 holding. Brexit rally was real, back to resistance now. You can close your longs! Too bad I never got to buy.
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