Is #Silver headed for an upside breakout

MCX:SILVERM1!   Silver Mini Futures
The chart shows an interpretation of the year and half long sideways move in SILVER. This has all the characteristics of a triangle that is headed for an upside break.

Wave E may be slightly short, so may have some more lower go, but that is not necessary. In any case a break of the upper trendline B-D should indicate a powerful upmove will begin.

This has been a long winding sideways move so the direction of breakout may be sustained move in that direction. Probability is now to the upside, but it will be wise to jump in only on confirmation

Michael @ SolomonsView

Twitter - @SolomonsView

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