Nice move in the morning followed by some weakness before price found support at the 20 EMA. Price consolidated in a narrow range. Went long there and sold the position near R2 and morning high.
SLV has been moving in a tight narrow range for the past 4 days. Today it broke out of this range, gapped above R2. Price then retraced a little to find support on the rising 5 EMA. I went long there but it was a losing trade. Price moved down to 20 EMA and formed a hammer. Went long again. Sold partial near morning high and the remaining near the close.
Nice move in the morning followed by some weakness before price found support at the 20 EMA. Price consolidated in a narrow range. Went long there and sold the position near R2 and morning high.
SLV has been moving in a tight narrow range for the past 4 days. Today it broke out of this range, gapped above R2. Price then retraced a little to find support on the rising 5 EMA. I went long there but it was a losing trade. Price moved down to 20 EMA and formed a hammer. Went long again. Sold partial near morning high and the remaining near the close.
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