Looks like SIVR may be hitting a low risk buy point.
1. At the Support line
2. Symmetry of time from low to low.
3. Cypher pattern completing at the 786
4. Gartely pattern completing at the 786
5. Perfect ABCD pattern
6. Oversold on Stoch
7. RSI bottoming out
Just like my HOG Chart TWTR looks like a low risk buy despite the falling knife.
We have a cypher pattern with a perfect 1.272 extension to C and a 786 retracement to where we are.
We are also at the bottom support line which is the 618 from May of 2014 and the 786 of the swing from Feb.
Looking for a closing of the gap.
Just an idea for selling puts or buying...
2 Buy Zones Based off of Multiple ABCD Patterns.
Steep Gap off of Earnings might take it to the 1.272/1.618 Extension Double Bottom Zone which is the safer play
or
Present position is still high probability with multiple ABCDs with extensions lining up in a tight zone. Wait to see a bounce and then hit a 618 retracement of any small move up.
Going long at the...
April 15
Bought my April 24 108 Strike puts
Top of 135 Drive
Previous Resistance
1.272 Extension
786 Retracement of XA
(2) ABCD patterns at same D
Over bought on Stoch and RSI with bearish Divergence on both
