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Tuesday, October 8, 2013

Silver 2 hr. I-Cloud

I was very tempted in buying silver yesterday until I checked the 2 hr. chart. I've found that the 2hr.& 30 minute seem to work best with the I-cloud ,but like other indicators you may have to find the right indicator for the fit. I went out on a limb and showed an Harmonic count for downside move. As you can see the (a)-(b) wave retracement Fib. scale fits the "steps" of support and retracement as well. I'm fortunate that I waited...and doubled checked.
Silver 2 hour                

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