$SILVER up 1.7% but still trapped inside the same downsloping parallel. Some of you asked about the patterns or disagreed — that's fine. TA isn't gospel. Two traders can read the same chart differently. That's the game.
Medium timeframe: downsloping parallel or bull flag, depending on how you frame it. Lower timeframe: bear flag with tighter bounds (yellow annotations on chart 3). The real skill? Knowing which pattern matters more. I won't always nail it.
My read: $SILVER has maybe a day or two to bounce off the parallel bottom and $59.62 support. If it doesn't catch a bid soon, it breaks down. Clock's ticking.
Medium timeframe: downsloping parallel or bull flag, depending on how you frame it. Lower timeframe: bear flag with tighter bounds (yellow annotations on chart 3). The real skill? Knowing which pattern matters more. I won't always nail it.
My read: $SILVER has maybe a day or two to bounce off the parallel bottom and $59.62 support. If it doesn't catch a bid soon, it breaks down. Clock's ticking.