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Wyckoff accumulation on $SIL

Viés de alta
Global X Silver Miners ETF (AMEX:SIL)  
ITradeEverything Atualizado   
AMEX:SIL   Global X Silver Miners ETF
Trend Analysis Chart Patterns
3
0
trendanalysis chartpattern
The capitulation volume (noted with arrows) got absorbed with very little price decline and the market moved strongly moved higher the following weeks. Very likely this is the start of new trend - caught early. Regardless, It is certainly an amazing RR trade, cut if a weekly candle closes below 29. Safer to wait for trend confirmation but will dramatically change risk/reward.
Trade fechado: stop atingido:
Weekly closed below 29, cut it on today's bounce.
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