Silver is yet to confirm it's breakout from the 6 year bullish wedge accumulation after breaking out in 2020.
Since then we've seen consolidation in the range between 20 - 30.
Short term target of 36 after confirmation using the fib extension, but this, as we all know has the potential to go miles above that.
A classic double bottom to wrap it all up I'm sure would take place as shown on the chart.
All the best.
Cheers,
Sky
Since then we've seen consolidation in the range between 20 - 30.
Short term target of 36 after confirmation using the fib extension, but this, as we all know has the potential to go miles above that.
A classic double bottom to wrap it all up I'm sure would take place as shown on the chart.
All the best.
Cheers,
Sky
Trade active:
Nearing the breakout descending wedge - area to pay close attention to.
Recession woes may take this further down, but look for a strong reaction around that 0.618 fix extension.
Recession woes may take this further down, but look for a strong reaction around that 0.618 fix extension.
Trade active:
It it breaking out of the descending rectangle
Trade active:
At the top of the resistance now - once that is broken with a good follow through we can expect this to fly.