Previous pattern failed. Expecting a retracement from these levels ($16) to $17.3/17.4 to complete a bearish 5-0 pattern
코멘트
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Starting to take profit near 5-0 target. Close 75%, stop win at $16.6
거래청산: 타겟 닿음
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Closed long 0.447 fibo.
Waiting reaction of this area.
코멘트
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Bear 5-0 almost done. Short 17.26. SL 17.46
코멘트
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Added new short at 17.4. SL moved at 17.55
코멘트
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Silver update
코멘트
MartinX
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if you are right with your update, at the current price of gold your target would either send the gold/silver ratio to an extreme level at around 85 unseen for many years (which would make silver very attractive)... or, more likely, there is also more downside for gold coming. But to be honest I really have no clue where gold could be heading in the coming days ...
pixi
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@MartinX, Hi! The Gold/Silver ratio is in range since almost 3 years between 67 and 83. If i'm right, i'm expecting relatively the same drop (about 11/12%) for gold. So a ratio around 77.
MartinX
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@pixi, many thanks for sharing! I have just seen you also posted the gold chart, you are right with the ratio if you also expect gold to drop. Currently, I have only a small position in JNUG, but otherwise will probably stay away from gold/silver related instruments for a while. I would rather prefer to go into long positions if the drop comes...
Mdotee.
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hey bud! what is ur target on the short? thanks!
pixi
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@Mdotee., hi bro! I will wait 16.3 for first TP.
Likely Bullish Cypher - H4 TF
Mdotee.
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@pixi, thank you for sharing your talents with us!
Mdotee.
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@Mdotee., SL 17.46 just incredible
patterntrader
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Plotting chart setup professionally is a skill. Thank you for sharing this idea. Hope things come out well. Continue your good work.
Thank you.