SILVER has printed very positive candles since re-testing prior ATH resistance (turning support) last week.
Now pushing up, there is no more structure and therefore no more liquidity traps.
This is the area where the "roof can come off" and if Silver pushes up much further then it will likely be heading into the rocket ship ultra impulsive phase - replicating its historical price action.
Its a positive open to the week and if this continues much further then it is odds on to hit some high notes.
FWIW, the previous wave up topped tidily in the Phi band (on chart) - and pushing on up like this already signals a potential next wave up.
This analysis is shared for educational purposes only and does not constitute financial advice. Please conduct your own research before making any trading decisions.
Now pushing up, there is no more structure and therefore no more liquidity traps.
This is the area where the "roof can come off" and if Silver pushes up much further then it will likely be heading into the rocket ship ultra impulsive phase - replicating its historical price action.
Its a positive open to the week and if this continues much further then it is odds on to hit some high notes.
FWIW, the previous wave up topped tidily in the Phi band (on chart) - and pushing on up like this already signals a potential next wave up.
This analysis is shared for educational purposes only and does not constitute financial advice. Please conduct your own research before making any trading decisions.
Note
Pushing up to $58 today. This is on the brink of cutting away from structure here.Trade active
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Note
Pumping 👍
Your FA guru can't read a chart💭
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Telegram Group: $50 per month✨.
Contact: t.me/dRends35
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Your FA guru can't read a chart💭
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
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.