SILVER : Broke big down trend

- Chart Setting
Renko chart / Traditional / 0.5 box size (=historical high * 0.01)
Ichmoku Cloud (Default Setting)
RSI (14)

- Position : LONG

- Reason
1. Lagging span of Ichmoku broke down trend resistance( price line & Ichmoku cloud )
(It has not been broken since 2012)
2. Higher Low was made ( double bottom )
3. Price also broke Ichmoku cloud
4. Ichmoku cloud is green
5. TradeWar getting worse

- Risk Management
EXIT IF 1 RED BRICK IS MADE & LOOSING MONEY

- Target
1. Consider selling 1/2 if price touch Target1 or Target2. Correction could be occur.
2. Sell if price block break conversion line

OR
Buying after watching correction wave is recommended!

Yorum:

Yorum:

Now, price overcome Target 1.
Next resistance Target 2 is previous high price.

I think at least 1 correction wave will be appeared around Target 2 area.

Yorum:

It seems that correction wave is started.