beartrap

Easy break through zone for silver where cloud made a thin area to break, Caution though, simple breaks like these do not provide strong data on whether to continue long or short. CTF bouncing on lowest level and testing its strength against trend lines be ready for anything. --------------------------------------------- CTF - SILVER -No Trade action until ...

Notes on chart

A higher high gives confirmation for this entry

nothin much to say , chart speaks for itself

As you can see we saw a bounce at the 0.382 fib level. In order for the price to proceed to higher highs gold must retrace itself and this was a healthy pullback. Target should be 1300

The daily as well as the strong support in 2050-2100 area provide strong indication. Sidelining until a decision, which will most likely be depending on the question if bitcoin (chart in comments) can breakup.

After predicting a move higher over the weekend but not listening to my instinct at this crucial moment yesterday, when I reversed my position from long to short, I will be sitting on my hands until I can determine what the smart money intends to do with the longer term. We saw a nasty bear trap on the TL bounce as indicated on the chart, and with the lack of ...

In my opinion bears are trapped in momentum breakout. But the big boys are looking to take it higher. This bear trap is valid till the low @ 1833 is taken out completely. Expected price movements are blue (80% probable) & red (60% probable).