Loading ...SLV – 2 Hr.
How is silver down with the USD down 0.50? Well, it’s in the process of backtesting the recent breakout of a bullish inverted H&S formation. Note that as it is doing so, it appears to have formed, broken out of, and is now backtesting, yet another 6-pt continuation pattern – on falling volume – which bodes well for the odds of a bullish resolution.
Nice one man! Very interested in silver, really want the 200MA on the weekly to hold, and be support rather than resistance
That’s the optimistic view RTV…thanks for the chart
A pessimist sees a failed breakout.
Not that I’m one of course
🙂
lol! well, one thing for sure – g&s are not going to make it easy for us to interpret their charts, not going to tie everything together in a nice, neat little bow for us to follow. just the opposite. surviving the learning curve to successfully trade g&s, especially with leverage, means you are playing in the “big leagues”. its not for neophytes, the greedy – or the faint of heart.
Amen
🙂
I think this potential IH&S is almost definitely going to fail.