The Gold/Silver ratio had been showing signs of topping and moving down recently, but has
again started inching up. This implies Silver has lost some luster (at this point), which
seems supportive of this move down in Silver to reach our PRZ. I have noted some things
of interest. My focus is on the move to the PRZ, so I carefully watch for higher highs, lower
lows where the BD is 1.13-1.618 (using the abcd tool).
Focusing primarily on the move down to the PRZ from shark setups, I continue to gain insights
that Scott didn't particularly address as his focus was/is (I think) how price reacts once
the PRZ is reached. I am in his debt for that and especially the development of the shark.
For anyone else who may be approaching these setups as I do, I'm certainly open to all
thoughts and observations!
again started inching up. This implies Silver has lost some luster (at this point), which
seems supportive of this move down in Silver to reach our PRZ. I have noted some things
of interest. My focus is on the move to the PRZ, so I carefully watch for higher highs, lower
lows where the BD is 1.13-1.618 (using the abcd tool).
Focusing primarily on the move down to the PRZ from shark setups, I continue to gain insights
that Scott didn't particularly address as his focus was/is (I think) how price reacts once
the PRZ is reached. I am in his debt for that and especially the development of the shark.
For anyone else who may be approaching these setups as I do, I'm certainly open to all
thoughts and observations!