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.
Voted 2017's
4th Most Helpful Trader on Twitter
https://twitter.com/akilstokesrtm

19th Best Trading Channel on Youtube
https://www.youtube.com/akilstokes

Learn to Trade the Markets & Join Our Trading Community
https://tieronetrading.com


a pullback into neckline would be nice. keep up good work...
+1 Reply
@derby, Thank you!!
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
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
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out