ChaoticTrader
Long

A Possible Future Buy Point for Silver

COMEX:SIK2017   SILVER FUTURES (MAY 2017)
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We aren't looking to go long yet, but keeping an eye on the levels labeled above. Silver fundamentally has been knocked pretty hard and is set for a long-term turnaround. From a price-action position, there's no entry per our system currently. If price comes down into the labeled zone, the counter-trend entry is a setup for an almost 4:1 reward/risk.

A major confirmation would be a bullish reversal bar in this price range. Check out our homepage for more...

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In fact, this chart provides a different perspective of the market. This type of charting idea never passed through my mind. It is always good to keep in touch with professional traders.
Thank you for sharing this chart. Continue your good work.
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