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...
there is rising wedge on silver 4h chart. I cant draw it accurately here because chart is too much little to make drawings on it & I am not pro member. Last candle touched resistance line of rising wedge & returned back. ( see last red candle ). Breakout of this chart pattern is downward. Draw it on your chart and trade accordingly.
Barring that brief move beyond the trendline the prices have not been able to sustain and have moved ina strong descending channel and now we care looking at a 15$ move in Silver Comex as well. AN interesting stage indeed. Lets see how it pans out.
cmp 16.57 ; Look at the trend line support. Simple WOW..!! Silver seems to be bouncing off an upward sloping trendline..This commodity can rally big time i feel heading to 17/18+..... View invited on the same.
![SILVER: [Short] Descending Triangle Formation in Silver](https://s3.tradingview.com/x/xb4Pz2sp_mid.png "[Short] Descending Triangle Formation in Silver")
