The 4 hour chart is flirting with the lower parallel line of the parallel uptrend. and I believe this trend will hold.
A slight adjustment to the 'Silver Daily Chart Update' is made to the lower line of the pennant.
The breakout could occur at about $15 60 and not at $15.70 as previously described in the daily
chart. Otherwise everything is still on target as in daily chart.
The RSI (Relative Strength Index) may also give a clue as to the expected breakout and should be watched closely.
An initial target of $16.67 is expected before some profit taking should occur. However, when this profit taking is
over, it should present another buying opportunity for the silver bulls. :)
A slight adjustment to the 'Silver Daily Chart Update' is made to the lower line of the pennant.
The breakout could occur at about $15 60 and not at $15.70 as previously described in the daily
chart. Otherwise everything is still on target as in daily chart.
The RSI (Relative Strength Index) may also give a clue as to the expected breakout and should be watched closely.
An initial target of $16.67 is expected before some profit taking should occur. However, when this profit taking is
over, it should present another buying opportunity for the silver bulls. :)
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منشورات ذات صلة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.