Silver Bullish Head and Shoulders Pattern on H4 Time Frame

1 min read
tarantula fx

tarantula fx

Head of Trading

Dear traders,

Silver looks bullish and it can have an imminent breakout.

Inverted SHS pattern is pushing the price higher up. If we see the breakout above the trend line at the POC zone the market should be moving higher to 22.95, 23.29 and 24.01. The move should be also based on momentum and bulls should be safe. Look for a h4 candle which closes above the trendline 22.72 for a confirmation.

The Analysis has been done with the Black Widow system.

Good trading,
Nenad Kerkez

Leave a Reply

avatar

This site uses Akismet to reduce spam. Learn how your comment data is processed.

  Subscribe  
Notify of