Sunday Night, gap up, ran up to 21.64 to complete a B Wave, ie a Lower Low. . . . Has made a Lower Low since the high and low printed Friday. Low 21.27 , last 21.31 vs 21.45 close Friday . . The lower low is setting up a retrace down.
By market close or tomorrow at the latest, SLW green action should be very well in the RED, per the bear market norm.
I'm still hoping I get a fill on my open order for more SLW @$19.75.... What do you think?
Not out of the question to fill at $19.75/sh Illorac, but I am aiming for the low 20's to re-establish my position.
First line last post should have read "Lower High" . . . Silver price range bound during the night, just now broke to new lower lows, 21.20, last, retesting last nights lows at 21.27
LL , 20.98 vs 21.19 , last 21.04