Silver to 38$ ???
- An ascending Triangle is formed .
- Its worth mentioning that according to Bulkowski’s study on patterns , Ascending Triangles upward breakouts occur 77% of the time .
- Breakout to the upside opens the door to 38$ as per the measuring rule of patterns in Technical Analysis.
- Breakout to the downside and we face the support zone from the previous trend line .
- Most important is to wait for the price action to guide us as acting pre-breakout is dangerous .
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