Predicted Hi Low Breakout Silver Trade

Silver Trade

Basic strategy: Enter on sell stop below signal point

(Break of support at earlier low)

(Predicted high-low breakout)

• Sell around $16.75 an ounce or just below previous low
• Protective buy stop placement not well defined
• Subjective decision on support location
• No precise entry/exit points using support/resistance chart techniques

• Sell around $18.30 an ounce on break below predicted next day low (pink line)
• Protective trailing buy stops placed above predicted next day highs (gold line)
• Well positioned for downside collapse
• About $8,500 profit before support area penetrated; set up for second downside trade