Akil_Stokes
Long

SILVER: Head & Shoulders Pattern Setting Up

FX:XAGUSD   Silver/U.S. Dollar
Silver             is setting up a potential head & shoulders pattern here on the 4 hour timeframe. I tend to group this type of simple pattern into the "trend continuation" category since That's how I prefer to trade them, waiting for the break & retest of previous structure.

Not too much room for expansion seeing how the trend is opposite to this pattern, but I do think we can reach the $17.20's level if we indeed break the neckline.

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a pullback into neckline would be nice. keep up good work...
+1 Reply
@derby, Thank you!!
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ok so obviously you are seeing slv as stronger than gold as they are somewhat correlated
+1 Reply
@TomPower, I'm just seeing what the charts show me. But from an investors standpoint, I do think silver is a better buy than gold
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Pull back on Silver chart to July of 2014, tell me what you see
+1 Reply
@Mizer, I'm sorry but I don't understand what you're asking me. Please try and rephrasing your question and I'll try my best to help you out
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Mizer Akil_Stokes
@Akil_Stokes, Sorry, If you pull interactive chart back to a 5 year time frame, Kinda looks like we could be working the right shoulder on larger Inverse Head and Shoulders, Maybe*
+1 Reply
@Mizer, Okay, i got you now, Thanks!
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