Silver | iHnS Pattern $36
Buyers aren't doing too bad as we approach the mean but it looks like it's time for sellers to show what they got for a nice pullback
With a similar inverted head and shoulders pattern to what we saw in August of last year I would expect a SMA/liquidity pullback to the $30.50 break, and then a continuation towards trendline resistance for a target of $36.
With a similar inverted head and shoulders pattern to what we saw in August of last year I would expect a SMA/liquidity pullback to the $30.50 break, and then a continuation towards trendline resistance for a target of $36.
Note
Also looking for a breakout above sooner than later
iHnS pattern is an alternative if price looks to reject at top
Target stays the same
NathanAL
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NathanAL
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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.