Oh and most importantly.... Don't forget to watch the daily price action.. and this is the hardest thing to learn. And it frustrated me for year's. And it drove me nuts when CCF member Yup7676, the one that had the other popular silver thread, it drove me nuts when he would say "watch the price action". Because I didn't get it. But eventually I watched the screen long enough to get it. And I started to notice the patterns of when things like this quote below were about to happen.
So we didn't see continuation on Monday, we got the retraction below $60. It's not magic, not a crystal ball, just normal market price action or movement.
Quote:
So what you want to see for Monday is a continuation of today's price action. Monday seems like a long way from here.
The pitfall for Monday would be that today was nothing more than the metaphorical 'stretching of the rubber band' up to $61 followed by the inevitable 'retraction of the rubber band' back below $60 on Monday.
So what you want to see for Monday is a continuation of today's price action. Monday seems like a long way from here.
The pitfall for Monday would be that today was nothing more than the metaphorical 'stretching of the rubber band' up to $61 followed by the inevitable 'retraction of the rubber band' back below $60 on Monday.
So we didn't see continuation on Monday, we got the retraction below $60. It's not magic, not a crystal ball, just normal market price action or movement.
Edited by Harry213
Today 2H 46M ago
Today 2H 46M ago























