Tuesday, January 8, 2013

Silver reversal?

Also this Friday candle might be sign of the price reversal. You can see that it has a very long tail and really small body. It means buying power is strong and price quickly came back to previous position. If buying power was weak it could have stayed around 29.60 area. But silver's takedown defense once again strong and jumped right back up. 

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4 comments:

  1. RBJanuary 8, 2013 at 10:23 AM

    Hi,

    Don't we think it can be a trap to prepare a new sell off wave?

    Thanks

    ReplyDelete
  2. ManJanuary 8, 2013 at 9:02 PM

    Hi, that's possible.

    ReplyDelete
  3. ManJanuary 9, 2013 at 12:47 AM

    But as a trader I have to be confident in my trading decisions. If I read all those gurus predictions I'll be confused and can't make proper decision. Trading alone is key to the success.

    ReplyDelete
  4. RBJanuary 14, 2013 at 10:19 AM

    Thanks for reply.

    Have a nice day and trades.
    rB

    ReplyDelete

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