H4 : Watch out, we are turning off of h4 demand zone, selling opportunities must be very short-term
H1: H1 original supply zone just above us
15MIN: 15min original supply zone inside of an h1 supply area, good for getting short
TP: 1:1 R:R
twitter.com
Few days ago I talked about having some of a chop
between daily resistance and daily demand zones.
and that is what the market has been doing since then
it is not me predicting what the market is going to do.
i am just listening what it has to say
twitter.com
After making a wave 5 high in April of 2011, silver has corrected back to its wave 4 Decision Point which is the tendency after completing a 5 wave sequence. If this current wave 4 DP holds as support, then the tendency is that the prior trend, which was up, should continue up. Silver looks to be bottoming and should, eventually, begin a new bull market.
