Bearish view on Silver : Naked Analysis

Good morning traders,

Silver broke 2 trend lines and my bias is bearish if price holds below 20 . If the formation of Wolfe Pattern is accurate, we should see a drop till 16 area.

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6 Trading Rules :

1. Never add to a losing position .
2. Don´t be the first to buy low and sell high ., and don´t be the last one to exit
3. Think like a fundamentalist, trade like a technician .
4. Keep your analysis simple
5. Start small and increase exposure when trend is confirming your analysis
6. The hard trade is the right trade

Josep Pocalles
www.realisto.net

Trade active:

I´m taking 50% profits on the position and remaining at BE . We should see some bounce at current trend line

Trade active:

Moving STOP to 19.1