marketdetective

marketdetective Updated 

Update :- Following the upper range breakout, silver met resistance between 95,000-96,500 zone. Examining the 4-hour timeframe reveals a trendline originating on May 24th. Yesterday, May 29th, this trendline was breached, hinting at a double top (M) reversal pattern. Confirmation of this pattern awaits at the 90,000 level If this level breached, a subsequent...

marketdetective

Since 2016, silver has adhered to a technical trend. Upon closer examination of the current trend, you'll notice the formation of another channel. Presently, it's attempting to breach the upper channel. This is a crucial range; it may breach and make new highs or remain within the existing channel, with a likely approach towards its third bottom, approximately...