Long
Silver, H4 - potential inverted head an shoulders pattern
Interesting situation on Silver, H4. Recently we had head and shoulders (HSH) pattern. Now the same neckline is for inverted HSH pattern. Breakout of this neckline is needed as confirmation. Further uptrend can bring price to deeper Fibonacci levels - 78.6 and/or 88.6 where some reaction to the downside may occur. This would fulfill harmonic pattern. Trade carefully!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.