Interesting formation by silver. In this case it appears silver's spike ended up in an expanding triangle.
Within this triangle, it is showing moves of three as it bounces between the trendlines. We have a break
and retest of a descending trendline, and it looks to be heading to maximum 18.300. However there are
two TP levels set along the way at 17.820 and 18.000.
If you enjoy this post please do drop a comment or if you wouldn't mind sharing your views I would
highly appreciate that. Thank you.
Within this triangle, it is showing moves of three as it bounces between the trendlines. We have a break
and retest of a descending trendline, and it looks to be heading to maximum 18.300. However there are
two TP levels set along the way at 17.820 and 18.000.
If you enjoy this post please do drop a comment or if you wouldn't mind sharing your views I would
highly appreciate that. Thank you.
Trade active
Trade closed: target reached
Take profit levels 1 and 2 hit.
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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.