Must admit that these regular-occurring slamdowns is even starting to affect me. I had previously been conditioned to "buy" but this has continued on for years now and I stepped back from buying more. Perhaps this can indicate that in general, the bulls are giving up. I suppose that is why I like to frequently buy the physical silver and gold. I look at that a bit differently than the ETF trades.
That being said, technically, SLV has only retraced back to the 50% Fibonacci level from its last major top. In David Halsey's Trading the Measured Move book, this is the level when the algorithms come in to buy. The target is the -.236 mark. If this plays out, the projected channel shows that this target should hit by mid-April.
That being said, technically, SLV has only retraced back to the 50% Fibonacci level from its last major top. In David Halsey's Trading the Measured Move book, this is the level when the algorithms come in to buy. The target is the -.236 mark. If this plays out, the projected channel shows that this target should hit by mid-April.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.