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LEONES
28 de Feb. de 2017 1:02

Silver rally is over Corto

Silver FuturesCOMEX

Descripción

Silver rally is over - likely to fall back to 14.000. Look for selling opportunities in precious metals. Probability H.

Operación cerrada manualmente

Target 14.00 reached today during the flash crash
Comentarios
Olu
Holy Cow Leones you held this trade since February? Well done
LEONES
@Olu, hey Olu I'm going on holiday!
Olu
@LEONES, My man you deserve it. Enjoy
LEONES
@Olu, The euro i think is becoming very interesting now..
Olu
@LEONES, I agree. could it be today that the downmove will really start?
LEONES
@Olu, yes ideally another push to 1.15 today
LEONES
@LEONES, what about cocoa? I know you love it!
LEONES
retraced 50perc - bear trend likely to continue now
A-shot
This was spot on, but can you please tell why did you decide that on that day? What was the reasoning?
LEONES
@2use, Hi, good question. The selling waves repeat at a regular frequency as you can see from the chart. The bull rally has been also quite extended and reached 50% of the bear wave started in July2016. The exact entry is based also on the comparison with other precious metals such as silver and platinum. I use finally a particular indicator I have tested over the years. Let's how the trade develops over the time.
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