Silver continues it's sideways correction since the Feb high.
A correction that stretches back to August 2020 and higher lows. The longer this sideways move...the bigger the coming breakout.
A possible low of $25.40 ish may well be the ideal entry point prior to this coming explosion.
If silver stops and bounces off this trendline...we can likely expect the US30 to rally into one more leg up.
Ascending triangles are some of the most bullish patterns...this one is massive.
July or August timeframes appear the period that we finally witness the true buying pressure which leads to the ultimate awakening.
Patterns can morph and fakeouts can happen...look back at March 2020 and the snap back to whats possible.
We see $35 plus this year...possibly much higher.
Good trading!
A correction that stretches back to August 2020 and higher lows. The longer this sideways move...the bigger the coming breakout.
A possible low of $25.40 ish may well be the ideal entry point prior to this coming explosion.
If silver stops and bounces off this trendline...we can likely expect the US30 to rally into one more leg up.
Ascending triangles are some of the most bullish patterns...this one is massive.
July or August timeframes appear the period that we finally witness the true buying pressure which leads to the ultimate awakening.
Patterns can morph and fakeouts can happen...look back at March 2020 and the snap back to whats possible.
We see $35 plus this year...possibly much higher.
Good trading!
Note
Back up the truck right now!
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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.
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.