The following remarks were made in the previous post on the daily bar chart pattern of Silver: "The possibility of a downward break out from the triangle can't be ruled out. Should that happen, it will be a good buying opportunity."
Note that silver's price did break down below the triangle, only to pullback to the bottom of the triangle and then fall again. On both occasions, the rising 20 day EMA provided downside support.
Usually, a breakdown from a triangle - and any subsequent pullback - should be a selling opportunity. So, why was it suggested as a buying opportunity?
-- Note that silver's price did break down below the triangle, only to pullback to the bottom of the triangle and then fall again. On both occasions, the rising 20 day EMA provided downside support.
Usually, a breakdown from a triangle - and any subsequent pullback - should be a selling opportunity. So, why was it suggested as a buying opportunity?
Read more at:
http://investmentsfordummieslikeme.blogspot.in/2016/08/gold-and-silver-charts-bulls-bounce.html
You received this message because you are subscribed to the Google Groups "LONGTERMINVESTORSRESEARCH" group.
To unsubscribe from this group and stop receiving emails from it, send an email to longterminvestorsresearch+unsubscribe@googlegroups.com.
Visit this group at https://groups.google.com/group/longterminvestorsresearch.
For more options, visit https://groups.google.com/d/optout.
No comments:
Post a Comment