The wedge is one of the most bullish of all patterns, and this silver wedge is a beauty!
After the breakout on the daily chart at $14.20, the price of silver is coiling like a spring:
Up and down, up & down, up & down, up & down, (get the picture?) until it will
SPRUNGGGGGGGGGGGGGGGGGGGGG!!!!!!! and the coil will unleash (uncoil) catapulting the
price upwards!
This always happens after breaking out of a downward wedge.
(Conversely, the price would break down after breaking out of an upward sloping wedge)
I think that we are close, very close to seeing the coiled spring sprunging. If that sounds
Irish it's because it is, and for me that's a good thing!
I can't wait for the spring to sprunggggggg! :)
After the breakout on the daily chart at $14.20, the price of silver is coiling like a spring:
Up and down, up & down, up & down, up & down, (get the picture?) until it will
SPRUNGGGGGGGGGGGGGGGGGGGGG!!!!!!! and the coil will unleash (uncoil) catapulting the
price upwards!
This always happens after breaking out of a downward wedge.
(Conversely, the price would break down after breaking out of an upward sloping wedge)
I think that we are close, very close to seeing the coiled spring sprunging. If that sounds
Irish it's because it is, and for me that's a good thing!
I can't wait for the spring to sprunggggggg! :)
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.