Silver needs more JUICE
Updated
Definetely everyone is waiting for a VERY STRONG LONG BREAKOUT for silver. And the key word here is: EVERYONE. We can be 80% sure, that silver will rally in the coming weeks/months. But what does a rally need? STRENGTH, ENERGY and MOMENTUM! That's what we still don't have.
Silver simply can not perform a BREAKOUT with RSI being near 60-80 on every timeframe!
So in my opinion we are going to touch the 16.9 level once again slowly. To gain strength for RSI. Even the Stochastic shows a coming SHORT.
I think we can WIN more money on these small but more predictable moves, than on a breakout. TRADE SAFE!
PLEASE SHARE YOUR OPINION! If don't agree, comment. If agree, like and follow for more, it is a nice feedback to me :)
Silver simply can not perform a BREAKOUT with RSI being near 60-80 on every timeframe!
So in my opinion we are going to touch the 16.9 level once again slowly. To gain strength for RSI. Even the Stochastic shows a coming SHORT.
I think we can WIN more money on these small but more predictable moves, than on a breakout. TRADE SAFE!
PLEASE SHARE YOUR OPINION! If don't agree, comment. If agree, like and follow for more, it is a nice feedback to me :)
Trade closed: target reached
Reached my 16.97 target. Now waiting for a sign of upmove. FOLLOW ME for next SILVER idea :)
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.