Marcelle_Nel

Silver going higher

Long
TVC:SILVER   CFDs on Silver (US$ / OZ)
Silver is showing so much strength right now and I do not see it going down much. The symmetrical triangle technically breaks towards upside much more often than to the down side. The RSI is at a historic point of control and the MACD does show major upside bias. I am super bullish on silver right now.
Trade closed: target reached: Perfect breakout exactly to the target zone.

Comments

The symmetrical triangle is a continuation pattern. It can break up or down but tends to follow the existing trend. In this case it looks like a bullish flagpole pennant. If the case, the price should break up to $26.50
+1 Reply
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