just now
This is a beginners chart for a friend so that he can participate in the trade I am making. I am short term bearish on silver and long term bullish obiviously but I try to hit trends as they come. I have time to daytrade and such. So anyways, if this is helpful to anyone else, great.
See that green arrow, that points to a line of resistance, well it has been resistance. It may be support. What this means is, that you reproduce this line on your chart like mine, and pay attention when it gets close whether it slows down near here, then exit position. If it continues through here then we will explore the next possible level of obvious resistance.
This is a beginners chart for a friend so that he can participate in the trade I am making. I am short term bearish on silver and long term bullish obiviously but I try to hit trends as they come. I have time to daytrade and such. So anyways, if this is helpful to anyone else, great.
See that green arrow, that points to a line of resistance, well it has been resistance. It may be support. What this means is, that you reproduce this line on your chart like mine, and pay attention when it gets close whether it slows down near here, then exit position. If it continues through here then we will explore the next possible level of obvious resistance.