READY to break out the base, nice flag in making. Consolidating above EMA 200 (first time since May 19), retested & reversed - Once break out first target $20
PM has been consolidating for months and looks like we are close to the next leg (hopefully up). Inverse SHS is in the making for SLV and I won't be concerned ST unless the low of 12/07/20 $22 lost
All EMAs compressed in a $50 range zone in between major support and a short-term resistance. Eye on $1875 which seems to be critical for opening-up the next leg up to the other important level at $1960. If failed though, double-bottom or lower low in play.
Breakout the 7-year base, restest with strong reversal right at the breakout (also 10 months EMA)...consolidate then break out the 6-month bull flag this month...precisely like a textbook example (or maybe it's too good to be true🤔). Anyway, keep patient, sit tight and expect 🚀
Silver left the base last July, spent 5 months consolidating and retested the base break out. Now approaching $28 to finish the multi-year (large) cup & (small) handle. Nothing else I can say...
After breakout multi-year resistance two months ago, A50 has been consolidating above the line. With the 2% up yesterday it looks good (especially MACD) and ready to pop when zooming in to daily TF - a low-risk entry IMO. With that said, close below the resistance another story.
The most popular opinion is that the correction is far from over and everyone is looking for a perfect re-entry at $21-$22 or even $18.5, although I agree that we probably will revisit $20 area this year, if it can close above the top of the purple box ($26) this week it will have a chance to run to $30 within weeks IMO.
Still stick to my bias as silver has been consolidating nicely above the $25-$26 support, like it to go higher here and then revisit this area in a couple of months...only my bias
Weekly chart multiyear resistance breakout three weeks ago and now we got the retest. If 15000ish holds, very bullish MT imo. Besides technical, also like the bearish sentiment on China recently.
