MaryJane
Long

Further Up-Wave ahead?

COMEX:SI1!   SILVER FUTURES
98 1 24
Silver             reached the TP (TakeProfit) of my former Analysis https://www.tradingview.com/chart/SI1%21/ws0Z2Luy-Silver-ready-for-Takeoff/

snapshot

This Level is the key resistance level wehre a decisicion can be made:

1. Trying to catch the Breakout through the big resistance level with a Long Position entry 16,05$ sl 15,4$ TP 17.20
2. You don`t believe the resistance will break? Then a short Position at the actual level could be interesting. Entry @ 15,97, SL 16.20$ and TP 14.90$

The Chart seems to me bullish for me. I see a bullish flag with buy-Trigger at 16$ (stopbuy) Silver1.57% has crossed the sma 200 - this could be seen as a longterm buying-signal. ]

After the Breakout of the mentioned bullish flag , silver             is consolidating at a high Level. Now i see the next chart-pattern: a wedge:
With Prices > 17.5$ the wedge will be triggered and active. The Break could initiate the next buying wave up to the next TP @ 18,5$.
Prices < 16.75$

In my Chart i Show both possible positions


Trade closed: target reached
Trade closed: target reached: Now also the long - tp reached! nice ;-)
nice :)
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