Silver reached the TP (TakeProfit) of my former Analysis 
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
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 ;-)
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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.
Related publications
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.