Here we are looking at SILVER on the Weekly TF…
As you can see, SILVER has been trading within a macro symmetrical triangle structure, which has clear and established support and resistance lines.
Silver has been trading within this structure since March of 2020 (COVID—19 Crash). Since then, it has tested descending resistance 5 times on the weekly, and ascending support 3 times (so far).
Currently, SILVER is on its way to that support, and I expect it to reach that line soon (relative to the weekly TF candles).
While it’s still too early to definitively say, I do believe that SILVER will bounce from support, and make another run to resistance in another attempt to breakout to the upside.
What do you think SILVER will do next? Let me know in the comments!
Cheers!
As you can see, SILVER has been trading within a macro symmetrical triangle structure, which has clear and established support and resistance lines.
Silver has been trading within this structure since March of 2020 (COVID—19 Crash). Since then, it has tested descending resistance 5 times on the weekly, and ascending support 3 times (so far).
Currently, SILVER is on its way to that support, and I expect it to reach that line soon (relative to the weekly TF candles).
While it’s still too early to definitively say, I do believe that SILVER will bounce from support, and make another run to resistance in another attempt to breakout to the upside.
What do you think SILVER will do next? Let me know in the comments!
Cheers!
To see my exact trades:
Stocks: inthemoneystocks.com/verified-investing-alerts/
Crypto: verifiedinvesting.com/
Stocks: inthemoneystocks.com/verified-investing-alerts/
Crypto: verifiedinvesting.com/