Hi Silver in ABC pattern in Elliot analysis The goal of silver can be 24.2. Have good trade
This is an update from the afternoon of 02/20/2022.. if you haven't seen it, see the post with all the description and techniques used: -CORRECTION-trading-strategy/ WEDGE DESCENDETE AT 1H FORMED!!! Upon entering the turmoil zone where there were a large number of waves, BTC formed a descending wedge pattern, a pattern that usually breaks out to the...
Selling from current levels with a stop loss above the local hight provides Risk to Return of around 11x, as shown on the chart
Cable is fighting a lot of opposing forces at the moment. The rally in wave 1 stopped just below the 30 year horizontal resistance-line. This line acted as support for Cable since January 1986 and was broken in June 2016, which shifted its position from support to resistance. However, I think the dip below soon will break back above this horizontal pivot point...