How are you doing guys? Still in?
We got the test of the 13,8 are very quickly. Silvers history for overshooting support (long term, that is) made this quite possible.
I will look for scaling a bit up again in the 13,8 area, but now there is not much room for further fall if the case should stay intact (in my eyes). An intraday whip sub 13,8 may be ok, but in my mind, silver now has to react back up in a matter of few days. Above 14,10-14,15 within three days or the "overshooting" begins to seem suspicious.
The first breakout of the wedge failed to get follow-up, but one could still argue that a "wider" wedge is forming.
This last entry is also currently at a loss of about 30% of the first entry's profit, and dangerously close to the amount I wanted to risk prior to a clear continuation (break above 16,2 top)
We got the test of the 13,8 are very quickly. Silvers history for overshooting support (long term, that is) made this quite possible.
I will look for scaling a bit up again in the 13,8 area, but now there is not much room for further fall if the case should stay intact (in my eyes). An intraday whip sub 13,8 may be ok, but in my mind, silver now has to react back up in a matter of few days. Above 14,10-14,15 within three days or the "overshooting" begins to seem suspicious.
The first breakout of the wedge failed to get follow-up, but one could still argue that a "wider" wedge is forming.
This last entry is also currently at a loss of about 30% of the first entry's profit, and dangerously close to the amount I wanted to risk prior to a clear continuation (break above 16,2 top)
