Wide Range Weekly Doji in Silver/SLV

Click on Chart to Enlarge

The chart above shows a classic candlestick reversal pattern after a historically huge run up in silver. Today's gap down is reasonable confirmation to the idea that the doji was a top signal.

I will post a new trade here, short silver via the SLV ETF.

New Trade:

Place a GTC limit order to short SLV at 43.00. Place a stop at 48.50 immediately after entry and for purposes of calculating position size.

The reward potential on this trade is very good. I would typically risk about 2% of account value on a trade if stopped out.