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.
This MASSIVE DISCOUNT ends in a few days http://buff.ly/2tngsBV

FREE Training Lessons & Workshops http://buff.ly/2udJgeT

Follow My Journey & Recieve Daily Trading Tips- The Trading Blog Video - http://buff.ly/2v58xWu



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
Reply
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!
Reply
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
Reply
a pullback into neckline would be nice. keep up good work...
+1 Reply
@derby, Thank you!!
Reply
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out