SILVER - iv Head and Shoulders trade !!

Hello trader,
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1D chart Silver

iv Head and Shoulders trade !

Entry-SL - can you find in the chart!

After a failed eruption of the falling wedge, XAG formed a clean IV HuS.
The right shoulder starts exactly at the 2,618 Fib Time Extension.
After that we could see a nice breakout.
IMO are fighting with the MA200 and 300. A little further down we are supported by the MA25.
But I assume further upward movements!!!


I would like to mention that all I post are just options and my own opinion!

Always trade with SL, and do not risk more than 1% of your portfolio (max 3%) per trade.

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Commento:

My mistake, Silver had never drawn a falling wedge, I mixed up the chart. IMO just have too many in my head .... but it doesn't change my strategy ...SORRY

Commento:

We lost the fight against the MA200. Next Support is MA20 in red !!
If we dont hold the chart im out whit my first position
For elliot Heads we would have got in way too early anyway.
SL is below 0.786