SILVER: buy TP 27.5 (head & shoulders)
Atualizado
Hi guys, pay attention to the silver. We have a primary downward trend since Aug’20. This trend consists of 4 middle trends:
Period Duration Start price End price
#1 Aug’20 – Nov’20 4 M 29.95 21.86
#2 Nov’20 – Jul’21 8 M 21.86 25.68
#3 Jul’21 – Oct’21 3 M 25.68 23.47
#4 Oct’21 – today 1 M 23.47 25.18
We can detect a double bottom at the end of the MT#1 and a head and shoulders at the end of the MT#3.
The right shoulder gave us confirmation of the completion of MT#3.
Right now, the price has overcome the neck line and I see it is a good opportunity to buy silver with target price 27.5 (PT resistance).
Please let me know your opinion.
Best regards.
Period Duration Start price End price
#1 Aug’20 – Nov’20 4 M 29.95 21.86
#2 Nov’20 – Jul’21 8 M 21.86 25.68
#3 Jul’21 – Oct’21 3 M 25.68 23.47
#4 Oct’21 – today 1 M 23.47 25.18
We can detect a double bottom at the end of the MT#1 and a head and shoulders at the end of the MT#3.
The right shoulder gave us confirmation of the completion of MT#3.
Right now, the price has overcome the neck line and I see it is a good opportunity to buy silver with target price 27.5 (PT resistance).
Please let me know your opinion.
Best regards.
Trade fechado manualmente
Unfortunately we went sideways. Do you think it is worth continuing to keep long?Aviso legal
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