CRInvestor

SLV - Weekly long 'BoT' setup from $21.98 stop $20.44

Alış
BATS:SLV   iShares Silver Trust
1
My 'BoT' model (a simple yet effective way to play AB=CD Fibonacci price patterns) suggests the SLV is a weekly buy at $21.98 with initial stops 1 tick below the swing low of $20.45 (154 ticks risk) and an ultimate upside target of $26.45 (458 ticks). This is a simple play off the gap fill rejection of last week. Should that gap fill rejection fail to hold ($20.44) I would walk. Considering the US Fed's reluctance to turn the printing press's off and their comments regarding relatively low inflation expectations, commodity prices have a lot of room to rally from these levels. The question is, how fast will it happen...

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.