SILVER MONTHLY DEMAND ZONE HIT. WHAT'S NEXT?
Hello everyone! I'm excited to say, that my region of interest has been hit! Been waiting for this moment since OCTOBER.
If some of you remember, in my last idea I said - region to consider buy orders are at $16.40-$16.60..
We had very bearish weekly close, so dips lower than 0.618 are possible.. Personally, I think this white zone is ideal for investors and long term traders. In short term we might consolidate before another leg up.
Next monthly supply zone is $21-23$ region.. For large swing traders - $22,54 could be ideal for profit taking. Not ruling out possibility of 1.618 fib being hit, but as we see very often - it might be front-run :)
So far, 2/2 trades were successful on silver! Let's continue this streak.
Check out all previous ideas!
This is not financial advise! Have a great day :)
If some of you remember, in my last idea I said - region to consider buy orders are at $16.40-$16.60..
We had very bearish weekly close, so dips lower than 0.618 are possible.. Personally, I think this white zone is ideal for investors and long term traders. In short term we might consolidate before another leg up.
Next monthly supply zone is $21-23$ region.. For large swing traders - $22,54 could be ideal for profit taking. Not ruling out possibility of 1.618 fib being hit, but as we see very often - it might be front-run :)
So far, 2/2 trades were successful on silver! Let's continue this streak.
Check out all previous ideas!
This is not financial advise! Have a great day :)
