Silver Weekly Chart Short Position after longs are out in profit
Since the breakout, silver has already moved 200% of the breakout range, meaning that anyone who bought the breakout has effectively doubled their money, assuming they placed their stop loss below the previous low.
When such a move occurs, we typically see massive profit-taking from large buyers, which almost always leads to a strong correction before the market attempts another leg higher.
In fact, this could mark the end of the upward move, with the price likely to fall back toward the 42.00 area before any renewed rally attempt.
Since the breakout, silver has already moved 200% of the breakout range, meaning that anyone who bought the breakout has effectively doubled their money, assuming they placed their stop loss below the previous low.
When such a move occurs, we typically see massive profit-taking from large buyers, which almost always leads to a strong correction before the market attempts another leg higher.
In fact, this could mark the end of the upward move, with the price likely to fall back toward the 42.00 area before any renewed rally attempt.
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免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。