Silver looking like it wants to breakout of the Bull pennant it has been in.
on the daily stochastic we have a break of the over head resistance and also on the price chart, the 4 hr has this same sort of break on the stochastic RSI but the thing with the 4 hr is it already bounce off of the resistance wich is support now. This to me seems like it will have continuation for now.
Also we have a fresh weekly cross on the weekly timeframe on the stochastic.
If this daily candle closes above the resistance of the Bull pennant formation and above the green line i have, i believe we have a confirmed breakout.
Target: around 19 to 19.5
on the daily stochastic we have a break of the over head resistance and also on the price chart, the 4 hr has this same sort of break on the stochastic RSI but the thing with the 4 hr is it already bounce off of the resistance wich is support now. This to me seems like it will have continuation for now.
Also we have a fresh weekly cross on the weekly timeframe on the stochastic.
If this daily candle closes above the resistance of the Bull pennant formation and above the green line i have, i believe we have a confirmed breakout.
Target: around 19 to 19.5
Comment:
Looking good!