SLV still on watch. See previous post. Silver an gold catching a bid in the overnight session so we'll see where it opens tomorrow. I like it above the box for move into dotted line targets.
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Toying with the top of the box. The PM plays can be jumpy.
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Doing what precious medals do. Bounce all over the place. Still hasn't managed to clear 23.50.
hmm. Why above the box... Don't trade this myself, but almost looks like there's another downward wave to complete the corrective pattern.
WadeYendall
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@Phi-Deltalytics, Thanks for the comment. My bias is long on PMs so I am looking for long opportunities. I believe a break of the top of this triangle would be bullish.
But yes if price breaks the ascending trend line we could have another wave down. That is why I am not interested long unless it can get above the box or top of the triangle.
Hope this explains my thinking.