October 3rd 2023 Yesterday I put a target area for where silver would stop going lower and start moving higher. It did that earlier this morning and what I mean by that is the market opens up around 6:00 pm I believe after the session break and sometime last night it went lower and then it reversed. Now it's only up a little bit and I think that it will continue going higher but there's always a chance that we could have a bear Flag and makes a new low... but we have a Contingency plan if that happens. I wanted to spend time on the importance of an ABCD pattern to help me find a reversal.... and I wanted to spend some time looking at expanding markets.... thinking that many traders don't know what that is so they can't react what they can't see.... so I wanted to articulate it from my point of view.
ABCD patterns
Expanding markets
ABCD patterns
Expanding markets