One More Leg for Silver? XAGUSD 4H

Jul 28, 2020

4H chart shows momentum shift, silver is topping out if not already, question is what does the future bring in terms of chaos and disorder: will it lead to another drop for paper silver, or the biggest rise in recent history?

This is not financial advice.

Aug 6, 2020

Note

Created some silver targets using various "equal distance" methods. one was by % and the others were log based. Used two different tops, my targets are 27.65 log 30.84 and log 33.17

These are log fibs, but I also used an equation to calculate log distances.

Aug 11, 2020

Trade closed manually

Aug 11, 2020

Note