SLV reversal UP imminent
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Wow, did this thing crash!
Anyway, I'm getting to buy the 21.65ish level and look for a quick turnaround. Futures tagged the 1.618 target to the downside. I'm not sure if this will be a snapback rally and will reverse back down, but it should be a pretty ez trade on the long side and I will just scale out.
This is based on my dowsing and intuitive methods, FYI.
Anyway, I'm getting to buy the 21.65ish level and look for a quick turnaround. Futures tagged the 1.618 target to the downside. I'm not sure if this will be a snapback rally and will reverse back down, but it should be a pretty ez trade on the long side and I will just scale out.
This is based on my dowsing and intuitive methods, FYI.
Kommentar
Gawd, this was much slower than I expected, but after yesterday's low hitting a symmetry support along with the 618 retracement. I think we're good at this low. It looks much more "clean".Kommentar
I do not like silver yet, and it did go up since my post, but not the way I wanted it. This is a chop fest and I think it could go down to a new low on /SI to around $22.48. Even buying at that low I think you'll have to be quite patient. I have it in a legit uptrend in December, and real upside momo kicks in maybe in Feb. That said, the potential is really good, and I even "heard" to buy coins in my meditation.
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