Watch out for GJ to break trend line and then the high. The link to my youtube channel is below. I went over posted setups on that video today for time purposes.
Notice what price does in this corrective pattern every time the TDI indicator spikes and creates a "sharkfin" in oversold territory. See the daily divergence upon completion (even though this WXY did not measure out to equal length).
As easy as pie. LOL. This is actually my favorite position for price to be in... B waves baby. When do you take profit? When do you let it run? The answer is both, always. At least in my opinion, when you are here. I said buy from bottom. Sell from the 1.236. May have another buy coming, then maybe a sell. If the dollar creates more of a "B" wave then that would...
You might have to look at this for a little bit to see what I'm saying. I'm simply illustrating that Silver is still on its "B" wave. The reason I say this is because, after our "W" of the larger degree, it has been in what seems to be an obvious corrective swing pattern. It broke the equal length-1.236 extension of smaller wxy pattern (which should not be...
This is why I am looking at it like that. As long as it keeps following this pattern I can trade it. The next sell would be very nice if it makes a corrective move up.
