Step 1 looks like a successful build, rally in to start the build of the step, a correction that did not break the step, this means the price is supported by the wider market.
With silver (SLV ETF) you can see STEP 1 looks like a successful build, rally in to start the build of the step, a correction that did not break the step, this means the price is supported by the wider market.
This is one to watch as steps build higher.
(Click on image to enlarge)
We at readtheticker.com hold the view that a mix of stock chart technical analysis, Richard Wyckoff, William Gann and Jim Hurst methods plus market fundamentals allows the investor to formulate a very sound market opinion. These attributes are mutually inclusive and must be weighted equally before investing or trading in any Stock, ETF, Currency, Bond, Commodity, CFD or Mutual Fund.
Comments
Log in or sign up to join the conversation.