SLV tried to break the bullish trend and 0.382 Retracement but quickly recovered (no Full bear candle below trend & Retracement). would suggest going into Jan 2021 calls with stop loss at $20. stimulus news remain the main determinant of trend direction. Watch DXY. still learning. let me know your opinions.
Bounced of the long term bull trend and currently breaking the short term bear trend. will remain bullish unless a large 2nd stimulus is approved to expect further drop and possibly bull trend break.
Seeing a symmetrical triangle on long term
For short term it will test the 0.382 and will either break up and gap fill or fail and go down to support line.
Let me know your opinions. Still learning :)
