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Silver: Post-Flash Crash Price Action
Remember the Silver flash crash? Nope, me either! Let’s take a look at the charts to refresh our memory on just what happened: The daily chart shows the drop through trend line support and instant recovery the clearest. What’s key for me here, is the fact that it happened at that confluence of support between the daily trend line and horizontal swing low. The endless stops that would have been just below here added to the already illiquid Asian session trading no doubt compounded the drop. But after zooming into the hourly, you can now see that price has essentially ignored the flash crash drop and reactivated ... (full story)