I'm seeing that 4 of the last 6 times that this pattern has played out over the past 4 years, at the first major pullback the RSI continues to put in a higher low.
Price then move higher.
Trade active
Trade closed: stop reached
Entered at 25.00 & stopped out at 25.07.
Had to step away from the charts and missed some things.
Price broke below 50 ema and large shooting star formed on Daily chart. Not perfect at all but could be the double top for Silver to push down to major support between 24.00 - 24.60 before pushing back up.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.