rlx-tknotes

Silver Bullish RSI Divergence 4H Chart

Long
rlx-tknotes Updated   
COMEX:SI1!   Silver Futures
I'm seeing a bullish RSI divergence coupled with a descending triangle on the 4H silver chart. I see a similar setup 5 times in the past year and each time the price went up. Am I seeing this correctly?
Trade active
Trade closed: target reached:
Trade opened upon break and close of upper trendline at 25.285.

TP of 25.99 (142 pips) based on prior moves with similar setup before first pullback.

SL of 25.17 based on prior pattern failure when there's a candle close below the upper trendline.

RR 6.13.

Lovely trade that I'll be taking every time moving forward.
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.