Equities down and Silver up. That’s precisely what I want to see! Looking at the one-hour bar chart of silver, we can see that it had an important fake-out late in October, which was pretty disappointing in its aftermath, and we’re going to have another go at conquering that horizontal line.
With the four-hour bar chart, you can see /SI is no stranger to false breakouts, but eventually they tend to work out. I’m hoping the same holds true here.
My long position is by way of SLV, and the next task is to slip above that price gap at 29.69; just three more cents are needed to do it!
