I try and breakdown silver as simply as possible, there is currently a lot of outside noise on #silversqueeze but you have to take a look at the fundamentals and let the market tell you what is going on. It is a very simple chart albeit with a lot of volatility.
I think we are at the early stages of an uptrend in silver for 2021, I am hedging my bets early that is the case and will enjoy the ride.
What do I see?
I see on 3 separate occasions since December a pin bar rejection candle in line with key resistance on both static resistance and the channel lines drawn, what does that tell me? I think it is simple trade charting which a lot of people also use to set buy orders / sell limits. there is lots of buyers when it reaches these key levels.
Plot them in your charts, back your strategy and pull the trigger only when you think you are at the bottom of your chart analyis
I am going to be looking for a rejection candle at about 25.2 as my entry.
I think we are at the early stages of an uptrend in silver for 2021, I am hedging my bets early that is the case and will enjoy the ride.
What do I see?
I see on 3 separate occasions since December a pin bar rejection candle in line with key resistance on both static resistance and the channel lines drawn, what does that tell me? I think it is simple trade charting which a lot of people also use to set buy orders / sell limits. there is lots of buyers when it reaches these key levels.
Plot them in your charts, back your strategy and pull the trigger only when you think you are at the bottom of your chart analyis
I am going to be looking for a rejection candle at about 25.2 as my entry.