HTF Trendlines & Institutional Support are crossing, as well as a LTF Fib level bounce on the .7, as well as a triple bottom.
#Silver W target is at 18. Be patient! Buy and hold #XagUsd
XagUsd more upside is expected. Could even make a new high.
While the gold miners are looking to finish the ABCDE triangle consolidation shortly, they still have not decided whether they will go lower to touch the E at the bottom of the triangle or break out early and leave E behind. Hi Ho Silver however, already gave us a fake breakout first, and has now gone down and touched the lower triangle point E. This is a buy...
Validated confluences 1.Daily Trend-line broken (uptrend) 2.Resistance broken support valid 3.Profit margin 1:4 Major resistance zone/area breached which indicated bears have capitulated to the strength of the bulls, which also shows us who is in control of the market. Based of two strong confluences which is opposing force breached and trend-line break to the upside.
XAGUSD(Silver) daily swing Long Level :)