SILVER : Broke big down trend
Updated
- Chart Setting
Renko chart / Traditional / 0.5 box size (=historical high * 0.01)
Ichmoku Cloud (Default Setting)
RSI (14)
- Position : LONG
- Reason
1. Lagging span of Ichmoku broke down trend resistance( price line & Ichmoku cloud )
(It has not been broken since 2012)
2. Higher Low was made ( double bottom )
3. Price also broke Ichmoku cloud
4. Ichmoku cloud is green
5. TradeWar getting worse
- Risk Management
EXIT IF 1 RED BRICK IS MADE & LOOSING MONEY
- Target
1. Consider selling 1/2 if price touch Target1 or Target2. Correction could be occur.
2. Sell if price block break conversion line
OR
Buying after watching correction wave is recommended!
Renko chart / Traditional / 0.5 box size (=historical high * 0.01)
Ichmoku Cloud (Default Setting)
RSI (14)
- Position : LONG
- Reason
1. Lagging span of Ichmoku broke down trend resistance( price line & Ichmoku cloud )
(It has not been broken since 2012)
2. Higher Low was made ( double bottom )
3. Price also broke Ichmoku cloud
4. Ichmoku cloud is green
5. TradeWar getting worse
- Risk Management
EXIT IF 1 RED BRICK IS MADE & LOOSING MONEY
- Target
1. Consider selling 1/2 if price touch Target1 or Target2. Correction could be occur.
2. Sell if price block break conversion line
OR
Buying after watching correction wave is recommended!
Note
Note
Now, price overcome Target 1. Next resistance Target 2 is previous high price.
I think at least 1 correction wave will be appeared around Target 2 area.
Note
It seems that correction wave is started.
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