SILVER heads up into $ 33: Golden Sister of our Bouncer and TOP?

4 ott

Commodities have been in a strong uptrend.
Silver is approaching a MAJOR fib at $32.96.
a "Golden" Ratio and sister of our bouncer.

Here is a Single-Pane chart for easier copying:

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4 ott

Nota

PING

from "Give me a ping Vasilly, one Ping only"

So we are at the big picture resistance

If we get a decent pullback, we will start fib'ing it.

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10 ott

Trade chiuso: obiettivo raggiunto

BOOM

Caught that top PEERFECTLY,.

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Hourly View:

Dropped PERECTLY to blue sisteer fib below.

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Zoom in (m15) and including our red strip fib for the drop

The 4.236 at $31.17 was first guess for target of dip.
Now we are bck to that fib, for a possible lower high.

$31.17 is now the KEY: rejection could give lower lows.

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22 ott

Trade attivo

BOOM and BOOM

PINGs rang out and gave us perfect entries.
Short from the posted Golden Fib for 7.5% gains.
Long from the sister Fib below at 12.83% so far.

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Zoom in (m21) and adding fibs to the bounce:

Gives a first guess target of $34.46 and TP.
And we should have good support $32.90-32.96.
Scalpers SL below 33.50, holders below 32.90

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23 ott

Trade attivo

Followup to last Snapshot above:

Another leg up, after testing our "Salper stop loss"
Then broke thru our next target, 4.236 at $34.46
And a nice RETEST of 34.46 which can now be SL.

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BIg picture:

Need to flip Golden Covid fib at 34.54 into support.
Next major target and take profit will be 37.15 .

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