jojofang0901

SILVER Long Term Buy Potential

Long
OANDA:XAGUSD   Silver / U.S. Dollar


Hi everyone:

Looking at Silver here for the bullish long term outlook.

From my previous analysis, I mentioned a downside from the price to the previous lows on the higher time frame would be ideal to lead to a long term buy.

Finally, we see price correctively move down to the HTF lows within a descending channel , a potential double bottoms as well.

Latest development showed us an inverse Head and Shoulder on the lower time frame, further add confluence for the possible bullish reversal.

Look for buy entries either at the right shoulder of the H and S, or wait for price to breakout of the descending channel , and LTF continuation correction to enter.

Thank you
Comment: Looking for continuation price action once price confirms the impulse out of the descending structure, and form lower time frame continuations correction
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