CLICK ON CHART TO ENLARGE
Key fibonacci levels came into play in this post and Silver stopped on a dime (see post here) Now Silver is making a second attempt at key resistance and fib levels at (2).
Game Plan…..For VERY AGGRESSIVE INVESTORS, look to score on defense right now using ZSL. For those that want more proof before attempting to score on defense, take the position if line (3) is broken to the downside. Add a 5% trailing stop to this position!
Chris, At this point silver is above the 50% fib retracement and this level is now providing support along with the rising support line, correct? If so, when does the next fib resistance come into play? cK
Thanks George… I have been wrong, I just work hard to not be wrong for long!
Silver chart was the quiz and gold might be making a right shoulder in a bearish pattern. Am looking to score on defense in both areas with a stop.
I luv this Chris, never a bad trade….I think ur batting 100. I want to subscribe TODAY! I’ll pay plenty for such flawless predictions from Mr. Wizard, Chris Kimble.
Trade is working! Capital flows are abandoning this over-crowded, over-heated play at great speed. Congratulations Chris, you’ve nailed it one more time! Please let us know ahead of time when you’re going to accept subscriptions to your new blog, I don’t want to risk missing any of tour suggestions. Thanks!