Silver Strong Bullish Reversal Signals

On daily this looks to be a Cup and Handle chart pattern. If you're not familiar with this pattern it was developed by Market Wizard William O'Neil and discussed in his book How to Make Money in Stocks.
Weekly we have a falling wedge.
Looking to buy on a break of the flag (handle).

Comentário:

Here's how I intend to trade a trend reversal in silver. I am looking for a trend, while I may add on a small position today I will only add a fraction of the full line I intend to trade (Probably 1/5).
In 2015 we made three significant highs. As we clear these highs I will add onto my position. Weekly 200 SMA around 20-21 currently.

Trade ativo:

Entered on break

Comentário:

Here's a detailed chart of silver. I saw a number of shorts on silver and I couldn't fathom why because to me the price action looked extremely bullish. Feel free to ask any questions.

Trade ativo:

I have been extremely profitable lately, and have made more money in the markets these last few months than I ever have in my life. I am striving to stay humble and continue to learn and share my ideas with all of you. Thank you for the likes and I hope this gave someone else the idea to long silver. :)