Silver’s U-Turn: Head & Shoulder Formation Triggers Sell Signal

25 Okt

● After breaking out from the Rounding Bottom formation, the price soared to an impressive peak of $34.87.
● Subsequently, a consolidation phase unfolded, leading to the development of the Head & Shoulder pattern.
● We expect a swift drop once the neckline is breached, potentially retracing the price back to its earlier breakout point.

Key levels to watch
● Entry : Below $33.4
● Potential Target : $32.7
● Stop-loss : Above 33.7