thekevin

SIlver - Potential Bullish Set-up

Long
thekevin Updated   
TVC:SILVER   CFDs on Silver (US$ / OZ)
Silver has had a shallow retrace to the .236 level of the first wave. Providing an upside break of this ascending triangle (and hopeful retest as support) this would be a great set up to push towards the next Fibonacci extension levels (posted below).

The line target is a clone of the height of the triangle.
Comment:
$53 dollar target, providing the upside break of this ascending triangle:

Comment:
Comparing the past cycles for some pure unadulterated hopium. Snort it up, boys!

Cycle 1)

Cycle 2)

Cycle 3?)
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