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Could a Breakout Finally be Near?!?I can't help but wonder if this chart is telling us something?!? It's been a slow grind down, but this positive divergence on the RSI leads me to believe something is about to happen one way or another. As I've said before, nothing happens here without a massive pop in the spot silver price. STAY TUNED! Side note: Likely nothing to read too much into; but I visited their website and it's much improved from recent years. Sounds crazy, but sometimes the look and quality of a company (even online) can say a lot about what's to come.
TSXV:KS
by CSGold1
1
Aurora: Electrified ⚡Aurora continues its electrifying trajectory. The price dipped further into its inactive target zone during the last trading week and is now visibly striving to resume the primarily expected uptrend. These efforts should soon yield bullish results. Aurora’s next target, the resistance at C$1.59, lies approximately 60% away. This resistance must be surpassed to grant wave (1) in magenta, its well-deserved peak a bit higher. An intermediate correction is expected to pull the price back slightly.
TSX:ACBLong
by MarketIntel
2
Risk to Reward Ratio is the key to constant wins at tradingI love writing those articles on my Blog, mainly because I learn from reviewing my trades & secondary for the value it gives back to the trading community. I been preaching Trading is simple but not easy. It is based on following a winning trade plan. & how do you find such a plan? Try & fail, Try & succeed there is no other way. There is the possibility of a generous soul teaching how a winning strategy & thats what I hope to do in this article. I will share 2 rules Rule number 1 Always trade the bigger picture. Find out what the bigger picture chart is doing & trade based on that. In this trade am placing my trade decision in the (W) chart the top chart in white. My bigger picture chart is the monthly (M) not shown. And the chart I use to time my enter & exit is the Day chart (D) below in Black Rule number 2 Risk to Reward ratio, This should be rule #1 but I placed it as number 2 to add importance to the rules of trading the bigger picture. Aim for a Risk to Reward ratio of 3 to 5. This means you asses the Risk (how. much money you can loose) before you asses the Reward (how much money you can win). In this trade, the bigger picture chart (M) is in a downtrend. The trading chart (W) comes into untested Supply Zone (SZ) with a Risk of less than a dollar. I take my SHRT in the red Circle The reward is 4-5 dollars per share, mostly due to a price free fall zone, with little Demand zone (DZ) to challenge the price. I took profit at two point marked by the red X in the Daily chart. There are odd enhancers as to why I took this trade, but they are outside the scope of this blog. If you like to learn more about my winning trading strategy that I been practicing for 11 years. Follow my Blog & learn to trade smarter.
TSX:ACShort
by greatful-me