SLV - Silver double bottom and the falling wedge
Updated
Is anybody into precious metals? I am. I have been for years. I just put on some SLV today. The double bottom on the weekly and the falling wedge looks like it's time to go long. Normally I may not even bother because it has been such a slow mover for quite some time but as the stock markets continue to deteriorate and crypto continues to climb I think it is time to take shelter. I have zero in the stock market and have only taken defensive positions with SPXS, SLV, Bitcoin, Cash, etc. When the fecal matter hits the rotary device next month and beyond I don't want to be standing in front of that fan.
Good luck everybody!
Good luck everybody!
Trade active
Hey! I'm already up a few cents. :0) But for the less adventurous they may want to wait for a confirmed break outside of the wedge. Maybe they can get a little better pricing, maybe not.....Here's a look at the daily.
Note
Yes, I'm still holding this trade too. :)
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