Silver today has had a good day and the 4hr chart displays sone very interesting technical data.
We have seen five touches on the upper trend line...this line is super critical.
Look closely and we have confirmation of a buy signal on the 4hr with a green closing candle just above the line and the next candle touching kiss back.
Once more buyers recognise the breakout, momentum can rapidly increase into an accelerated upsurge.
Our stop is a close back inside this channel.
Good trading.
We have seen five touches on the upper trend line...this line is super critical.
Look closely and we have confirmation of a buy signal on the 4hr with a green closing candle just above the line and the next candle touching kiss back.
Once more buyers recognise the breakout, momentum can rapidly increase into an accelerated upsurge.
Our stop is a close back inside this channel.
Good trading.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.