Short silverH&S, broadening desc wedge, hit resistance level, lots of targets below. Aggressively take this play, double down at broadening wedge resistance.
SLV
Short $AGShort $AG
10.37
SL 10.86 (-4.7%)
TG1 2.34 (+77.4%)
TG2 0.67 (+93.5%)
TD Sequential 9 Weekly
Rising support holds for Silver. Another test of 18.90 on deck?#Silver with a nice break out of the falling wedge this morning. Rising support from the March low held nicely. Price really needs to get above 18.18 for another run to 18.90. The next test of 18.90 will be the third since February. $SLV
SLV and other random thoughtsLooks like a little higher yet for SLV. Here are my humble (and often wrong) thoughts on what might occur in markets for the next month. assetdesigncenter.blogspot.com Feel free to comment here or on my blog. Thanks. Have a nice weekend. Stay safe.
