Hey Traders, We are seeing a Bullish Cypher Pattern on Silver. I think Silver is ready for a bounce here and those of you who have seen my recent ideas know that I am currently in a small long position. I have added to that position due to the completion of the Cypher Pattern at structure support. Also we are seeing that price is currently low relative to the Bollinger Bands (shown on the Chart below)
Entry- 17.25
Stop- 16.90
Target 1- 17.70
Target 2- 18.00 (I may trail stops for Target 2)
Massive Head and Shoulders Bottoming Pattern?
I will be sure to update this idea as the trade progresses. Thanks Traders and good luck trading! Feel free to comment with your analysis or any question you may have regarding this setup.
Entry- 17.25
Stop- 16.90
Target 1- 17.70
Target 2- 18.00 (I may trail stops for Target 2)
I will be sure to update this idea as the trade progresses. Thanks Traders and good luck trading! Feel free to comment with your analysis or any question you may have regarding this setup.
