Silver seems to be gearing up to breach all time high. Factors that support this idea are as follows:
All these factors give credence to the idea of surmounting all time high.
- Vital resistance of corrective parallel channel is taken over with high volume.
- Price has broken out from inverse head and shoulders pattern.
- Break out is supported by divergence on MACD.
- Price had been respecting and bouncing off from ascending trendline.
All these factors give credence to the idea of surmounting all time high.
Trade active
Had a powerful bounce from support area.Trade closed: target reached
Beautiful!
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.
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.