Silver

6 thg 8, 2024

8 6 24 in this video I just got gartley patterns which are fairly high probability reversal patterns according to gartley. the silver took a significant drawdown from its high and the breakout buyers on the way up could have lost as much as 7% or more on the correction lower. when a market takes this kind of a correction in a short period of time... it is very easy to think that the markets breaking down and going even lower. this is also an opportunity perhaps that those who missed the gold trade higher may have a chance to get in at this lower price before the market makes new highs. my guess is that there are some very good commercial Traders who are already in the market might see this as an opportunity to scale in an ad contracts if they're Trading the futures. I didn't show you the gold market but that market had a terrible move lower but on the same day it had a huge correction higher which is fairly predictable so if you had scaled in at the low you would have been 1000s of dollars higher from the low to the closing price where it has retested.