Silver looking like it wants to breakout of the Bull pennant it has been in.
on the daily stochastic we have a break of the over head resistance and also on the price chart, the 4 hr has this same sort of break on the stochastic RSI but the thing with the 4 hr is it already bounce off of the resistance wich is support now. This to me seems like it will have continuation for now.
Also we have a fresh weekly cross on the weekly timeframe on the stochastic.
If this daily candle closes above the resistance of the Bull pennant formation and above the green line i have, i believe we have a confirmed breakout.
Target: around 19 to 19.5
on the daily stochastic we have a break of the over head resistance and also on the price chart, the 4 hr has this same sort of break on the stochastic RSI but the thing with the 4 hr is it already bounce off of the resistance wich is support now. This to me seems like it will have continuation for now.
Also we have a fresh weekly cross on the weekly timeframe on the stochastic.
If this daily candle closes above the resistance of the Bull pennant formation and above the green line i have, i believe we have a confirmed breakout.
Target: around 19 to 19.5
Note
Looking good!
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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.