SILVER: Head & Shoulders Pattern Setting Up
Silver is setting up a potential head & shoulders pattern here on the 4 hour timeframe. I tend to group this type of simple pattern into the "trend continuation" category since That's how I prefer to trade them, waiting for the break & retest of previous structure.
Not too much room for expansion seeing how the trend is opposite to this pattern, but I do think we can reach the $17.20's level if we indeed break the neckline.
Not too much room for expansion seeing how the trend is opposite to this pattern, but I do think we can reach the $17.20's level if we indeed break the neckline.
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