Silver: a bullish view with short term target
Long term: The cup with handle pattern with the break up out of the handle is vey encouraging. If we later we get a weekly clear break up above the 41.5 level I think it would be very bullish.
Short term: we have a positive reversal in the daily RSI followed by a bullish divergence which supports higher near term peak ahead. The daily RSI target is labeled. IFFF this target is hit and IFF my count is correct I would then expect some pullback before a strong tend up to much higher levels.
As always: process your way before investing.
If you are not familiar with RIS reversals see: school.stockcha...ts.com/doku.php?id=technic...
Best to ya. Have a good week ahead.
Short term: we have a positive reversal in the daily RSI followed by a bullish divergence which supports higher near term peak ahead. The daily RSI target is labeled. IFFF this target is hit and IFF my count is correct I would then expect some pullback before a strong tend up to much higher levels.
As always: process your way before investing.
If you are not familiar with RIS reversals see: school.stockcha...ts.com/doku.php?id=technic...
Best to ya. Have a good week ahead.
www.zerohedge.com/ma...short-squeeze-silver