Cycle Trading

Silver has been consolidating below the 24 level for the past 3 weeks.

A bullish break out of consolidation could lead to a trending move. A simple plan would be to buy the break above 24.00. Add on a close above the 50 day MA. Then add again on a close above the 200 day MA. The first stop would be a close back in consolidation. The next would be a close back below the 50 day MA. Then once above the 200 DMA, using that as the stop.