Hello Traders!
In this post, I want to present how important is to recognize chart formation, set up correctly resistance levels, and find a good position to execute the trade.
For better practice, I will recommend analyzing the history of any chart and trying to search for resistance levels, order blocks, and breakout points, and anticipate a good position for...
From the first low at the beginning of October until now, it seems like silver has formed a double-bottom chart formation. Furthermore, since the beginning of December, the chart pattern looks like an inverse shoulder-head-shoulder-formation. So we have two signs of going long in this chart. At least until ~22.50 USD, and then we might need to re-evaluate the situation.
