coreymurphy7288

Broadening Wedge

Long
coreymurphy7288 Updated   
TVC:SILVER   CFDs on Silver (US$ / OZ)
Broadening wedge, with a target price calculated as 60% its broadest point subtracted from the area of the pattern breakdown, gives Target Price of $16.70. A secondary pattern that following the upward trendline (in black) also has a target price of $16.70. I would pre position with a buy at $16.75 and keep a stop loss below $16.30.
Comment:
Target Buy area hit, lets see if reversal from here to $21
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