Silver Probable BULL Market continuation
It appears as though our breakout may be successful and lead to further buys as we are in a very strong bull market in both Silver and Gold.
I do see reasons for shorts but for now, the market is showing me buy signals and strength. I will go with the market long unless i see that it is invalidated. At that point i will decide to go short if the setup presents itself.
The Big breakout above has come down for some consolidation. I see buy set ups on the Daily to take this up.
Shorter time frame is showing strength also.
WE HAVE NOT created a NEW lower LOW yet. Bull Trend still IN-TACT, after new strong breakout on higher time frames.
I do see reasons for shorts but for now, the market is showing me buy signals and strength. I will go with the market long unless i see that it is invalidated. At that point i will decide to go short if the setup presents itself.
The Big breakout above has come down for some consolidation. I see buy set ups on the Daily to take this up.
Shorter time frame is showing strength also.
WE HAVE NOT created a NEW lower LOW yet. Bull Trend still IN-TACT, after new strong breakout on higher time frames.
Comment:
I'm going to short this until i see a change. Too much strength at the moment.
Double top on a pullback on the Daily.
Take care of both sides. Seems risky Gold/Silver at the moment. I think i'll switch to other markets during this period.
Check my other ideas for the potential short trade