Silver possible runup watch out - the GOOD and the BAD
The GOOD:
We have a volume pattern that looks right. See my educational post "a TIP about Volume Reading".
We have a triangle-up pattern on going. Price already did most of the correction to the side for some time.
We MIGHT (and this is a big might) have wallstreetbets context and hype which can drive the price further up. See attached post below.
Price already been at a price of 48, so it is not complete fiction.
The BAD:
It's silver... and thus it might move very slow up.
In the "Wallstreets $35 OTM Call Options" - I discuss in detail the fundamental aspect of silver, why wallstreetbets have a hard time pushing the price up.
Given all the above: The market wants what the market wants, if the price is trending up, then the trend is up.
If you like, follow and don't forget to like it so it will be saved in your saved ideas for future refernece.
We have a volume pattern that looks right. See my educational post "a TIP about Volume Reading".
We have a triangle-up pattern on going. Price already did most of the correction to the side for some time.
We MIGHT (and this is a big might) have wallstreetbets context and hype which can drive the price further up. See attached post below.
Price already been at a price of 48, so it is not complete fiction.
The BAD:
It's silver... and thus it might move very slow up.
In the "Wallstreets $35 OTM Call Options" - I discuss in detail the fundamental aspect of silver, why wallstreetbets have a hard time pushing the price up.
Given all the above: The market wants what the market wants, if the price is trending up, then the trend is up.
If you like, follow and don't forget to like it so it will be saved in your saved ideas for future refernece.
🏆 There is only #1 way to trading
🧪 Feel confident with science and logic
💰 Trade your way to success and freedom
🧪 Feel confident with science and logic
💰 Trade your way to success and freedom
