SILVER - MONTHLY BREAKOUT?
chart is self explanatory.
Views welcome
regards
Komentarz:
MONTHLY BREAKOUTS TAKES TIME
It is a learning that monthly breakouts take time. All criteria for breakout like four point touch rather five/six point touch has been completed.
So will it correct or retrace back before it really breaks out.
If it breaks out will it follow Option1 or 2? Why breakout is likely for silver on monthly chart is in upcycle.
This breakout if it happens will be a great learning, it will confirm the cycle theory, four point touch trendline break theory,
Lets see
Views welcome on correction/option1 or 2
Regards
MONTHLY BREAKOUTS TAKES TIME
It is a learning that monthly breakouts take time. All criteria for breakout like four point touch rather five/six point touch has been completed.
So will it correct or retrace back before it really breaks out.
If it breaks out will it follow Option1 or 2? Why breakout is likely for silver on monthly chart is in upcycle.
This breakout if it happens will be a great learning, it will confirm the cycle theory, four point touch trendline break theory,
Lets see
Views welcome on correction/option1 or 2
Regards
In a trending move one should see how the box over box plays up . Not once did previous swing low was broken. Bulls just took the price way up from box to box.
Momentum candles just keep increasing in size every week and month. Hopefully the the price will certainly reach the next pitchfork level with momentum in next few weeks.
When the market is flipping with rate cuts and bank scams there will always be some asset class which will be trending, skill is in spotting it.
Views welcome
regards