Classic divergence stop run.
My entry is from 20.65 with a stop at 20.55 and 20.35. My 20.55 stop was hit but its okay, only 10 cents and the other position is well in the money (50 cents)
Risk = 0.2%
Will Add To Position On Weekly Confirmation Above 22.50
Stops were ran on the obvious major support, and big hands responded with lots of buying.
I will post a longer term chart for more confirmation.
Risks: Strong risk aversion in equities can weight on the metals. There might be one last super spike down to 18.50 or 17.50, which I will use a monthly chart to show evidence for.
My entry is from 20.65 with a stop at 20.55 and 20.35. My 20.55 stop was hit but its okay, only 10 cents and the other position is well in the money (50 cents)
Risk = 0.2%
Will Add To Position On Weekly Confirmation Above 22.50
Stops were ran on the obvious major support, and big hands responded with lots of buying.
I will post a longer term chart for more confirmation.
Risks: Strong risk aversion in equities can weight on the metals. There might be one last super spike down to 18.50 or 17.50, which I will use a monthly chart to show evidence for.