Silver Long Term Bullish Trend with 3 Possible Scenarios
Currently bullish on silver with the following scenarios to be considered
A. Price breaks 18.20 resistance and continues higher to 18.70 or beyond
B. Short term pullback to 9ema zone before we continue higher and break resistance
C. A larger pullback to do more formal retest of the broken 17.40 area
All daily trend signals have flipped bullish (9ema, 20ma, ichi cloud twisting green), MACD also signaling green, the STOCHRSI is signalling a pullback in the near future.
Silver is a buy, any puts i'm in are for hedging.
A. Price breaks 18.20 resistance and continues higher to 18.70 or beyond
B. Short term pullback to 9ema zone before we continue higher and break resistance
C. A larger pullback to do more formal retest of the broken 17.40 area
All daily trend signals have flipped bullish (9ema, 20ma, ichi cloud twisting green), MACD also signaling green, the STOCHRSI is signalling a pullback in the near future.
Silver is a buy, any puts i'm in are for hedging.
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