Silver - Itching to Break Out from the Downtrend Channel
Silver had a stop hunt run right at the head of the inv H&S , this usually means that the market makers needs fuel to move the market, coupled with 11 days of accumulation above the pivot level, I think its time to pay attention.
If you decide to take this trade please wait for the daily candle to close above trendline or for retest of Trend Line / Pivot point
If you decide to take this trade please wait for the daily candle to close above trendline or for retest of Trend Line / Pivot point
Note
First target was reached, i'd close longs if daily closes below 17.863. Current decline seems to be caused by Beijing's decision to allow shorts.Note
In to buy the dip.
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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.