4 hour chart: trend, cycle, and momentum are all up.
1 hour chart CCI is above +100 and the trend is up
15 min chart: trend is up and support is at the 50 SMA this is also the 50 SMA on the 1 hour chart
1 hour demand zone RBR formation
$200 risk with 5 contracts
4 hour chart is entering the 7th wave
1 hour chart is entering the 11th wave
15 min chart is inside of the 4 hour supply zone (market edge.
We might get a double top or a retest of this area and a deep pullback to 2152.8. At this point the 1 hour trend will recalculate.
However if price follows the 4 hour pullback then we could see a drop all the way to 2095.
Silver popped up on our TrendCloud Scanning System and started showing us a short signal.
TrendCloud signals started forming and are still working out nicely.
Trend and momentum are both down across multiple timeframes and heading toward the first ADR checkpoint.
If you would like to become consistently profitable so you can move out of the simulator and into...
