MaryJane
Long

Further Up-Wave ahead?

COMEX:SI1!   SILVER FUTURES
98 1 24
6 months ago
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


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

Related Ideas

Masoud001
5 months ago
nice :)
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out