Silver has tested the uptrend three days running in a make or break scenario,
A green hammer candle presented two days ago and this is bullish indeed when coupled with a trendline touch.
Unfortunately the next candle did not follow through as expected and another touch of the trendline occurred.
Today we had another touch and this is rare for a line going back 12 months.
A critical moment has arrived now. the trend is up, but a breakdown is threatening.
We stay long as the manipulators can flush out weak hands.
A resumption of the trend will this time break out above $30 and an intial target of $38
Good trading
A green hammer candle presented two days ago and this is bullish indeed when coupled with a trendline touch.
Unfortunately the next candle did not follow through as expected and another touch of the trendline occurred.
Today we had another touch and this is rare for a line going back 12 months.
A critical moment has arrived now. the trend is up, but a breakdown is threatening.
We stay long as the manipulators can flush out weak hands.
A resumption of the trend will this time break out above $30 and an intial target of $38
Good trading
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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.