ScottBogatin

Tesla the Russell versus the ES silver

COMEX:SI1!   Silver Futures
7.31.23 In this video I wanted to talk about the Tesla which has a chance to move lower since it still has Sellers and it's hanging out at the 382 reversal. If I had to pick a market to short... the ES versus the Russell....I would be looking for a short trade on the Russell which is Trading in a range as opposed to the ES which is trending higher.... not really showing ranging type behavior. The gold and the silver Are definitely showing you strength.... but I wanted to take a look at a 135 short trade on the silver daily chart Factoring in risk... and showing you the perspective of larger and smaller time frames.... and stops... and triggers. I wouldn't take a short trade in silver if the daily bar is at a high for the day... unless I waited for the next 4-Hour bar in the next hour and 30 minutes...And I'm still not clear if I would short it it's the next bar showed it to bar reversal to go lower. And this is okay because I wouldn't buy it at the high of the day and I can use the alert for the next 4 hr bar.




Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.