Flight from Safety
After a $1.50(+) smash in the price of silver, silver is setting up for its next move, (potential H&S). While technically not confirmed, I suspect the following price action with the Price Gap at $17.40 and with scheduled trade talks with China set for October, causing risk on in markets.
Potential areas to short from is $18.50, or daily close below $18.15
If price reaches $18.81, it negates the H&S Pattern.
This is a counter trend trade-- longer term trend is bullish.
Potential areas to short from is $18.50, or daily close below $18.15
If price reaches $18.81, it negates the H&S Pattern.
This is a counter trend trade-- longer term trend is bullish.
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