Silver nearing 2nd inv h&s target & goldencross
Updated
Silver hit the first inv h&s breakout target (not shown here) back on november 13th and is now about to hit the second one (dotted yellow line). I will post a link to the previous silver chart idea so you can see how that purple inverse head and shoulder pattern played out. *not financial advice*
Comment
We can also see that silver is nearing a golden crossComment
Silver so close to the breakout target now. Gold just hit its 1st target so it increases the likelihood that silver will also hit its target.Comment
Even closer now! It got within 10 cents of my full target! Should likely hit it in the next few days if its gonna hit it 100%.Comment
Upon closer inspection it got within 5 cents. Most people would consider this close enough to declare Target hit! Of course there is still a good chance it will reach the target, but still wise to take some semblance of profits if I had any sort of trade open on this move.Comment
Amazing, after going sideways forever silver makes one last little pump exactly to my measured move target and right afterwards it has a big dump. Target hit!!!Related publications
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