#Silver bull #crab 61.8 confluence

Silver/U.S. DollarFXCM

Description

⋅ Dec 14, 2014 10:21 PM

The low of 13.997 could be considered as completion point of this bullish crab since the PA came so very close. The Price is on $17 and T1 is 18.24. Pay attention to almost overlap of 61.8 retraces as perfect confluence on T2 20.86

Comments

IvanLabrie

⋅ Dec 14, 2014 10:25 PM

We think alike...although on a different basis.
I'll look for an entry, or just buy me some silver for xmas :p

fximperija

⋅ Dec 14, 2014 10:26 PM

I did by physical silver a while ago, some 500oz, no looking to make profit on investment :) and scalp meanwhile the paper silver

fximperija

⋅ Dec 14, 2014 10:27 PM

by=buy*, no=now* It's late, tired, sorry for typos

IvanLabrie

⋅ Dec 14, 2014 10:28 PM

Yeah, I like Silver...and it's cheap.
I have a strong case for a trend reversal though, based on quarterly bars, but we'll know by next month.