SILVER is about to complete a pattern. This is an excellent opportunity with a ratio.
I am expecting an up move at buy area #1 or buy area #2
I am expecting price to bounce at 15.90's or the buy area 2 at 15.20's area. Currently the potential has completed the C leg, and now is travelling to the D leg to complete this pattern. There is now a good opportunity to consider short positions to the D leg, as there is currently a great setup in the middle of the C to D leg showing major weakness. Shorting to the buy area 1 and waiting for the buy setup means you can take advantage of both the short and long in this position maximising profit. Use your tested trading strategy to determine the levels for a buy using your own trading rules and risk tolerances.