TradingView
vaibhav14476
Aug 18, 2017 4:18 PM

H & S breakout on silver daily Short

SILVER / U.S. DOLLARICE

Description

Since last 16 months , silver price was trading in a H & S pattern. On 7 th July it broke neckline and went down towards 15.122 around and as usually happens price came back above neckline, forcing bears to cover their shorts. But price made its upward journey in rising wedge and it is about to breakout now. All this is about positional trading and not for intraday punter. I think price will again go below the neckline with very good steam.
Comments
vaibhav14476
there is rising wedge within the big wedge on hourly chart. usually it is not possible to find multiple bearish chart patterns on a single counter.
More