Nice breakout over the double bottom formation. Holding over the previous resistance (now support). Might see a little pullback in the start of the next trading day. As we can see there is forming a nice consolidation and can see a hope to break even the next resistance. After that we can notice that there is no obstacles to an ATH (All Time High) to the blue...
Nice descending wedge forming on 1D chart of BA. The confirmation might be over the low smas (9,20) and obviously a break out over the wedge resistance line. I am bullish for the next week and see big potential for this sector. Nice support on the 100sma. Just an amazing play it would be 😋😍
It almost touched the SMA50, which indicates us that it has the role as a support. A lot of wicks in this area. Personally, I see it hit a bit lower than the previous resistance(the double top). The path tool illustrates the way it will react.
We can see a double bottom with a lot of buyers at this area. Also, that big wick of todays candle means the real strenght of the buyers. So, the formation is really nice and the thing that can push the price down is if the market pulls back tomorrow.
I have posted text, in which are my thoughts of the price zones of that ETF for Silver. Silver makes more profit, so that is the reason why i don't follow that much Gold. Waiting for the inflation to hit and thankful to these zones i will know what to do.
The setup is amazing. It stays under that downtrend line and possibly it will go down to 42$ level and start making higher highs and higher lows which means it is in an uptrend. So, i will be watching it very carefully at the support and at the break. Also, you can use the SMA20 as a resistance for now and might be used as a support soon. 😁🤞
-If you have any...