SLV - Silver double bottom and the falling wedge

Is anybody into precious metals? I am. I have been for years. I just put on some SLV today. The double bottom on the weekly and the falling wedge looks like it's time to go long. Normally I may not even bother because it has been such a slow mover for quite some time but as the stock markets continue to deteriorate and crypto continues to climb I think it is time to take shelter. I have zero in the stock market and have only taken defensive positions with SPXS, SLV, Bitcoin, Cash, etc. When the fecal matter hits the rotary device next month and beyond I don't want to be standing in front of that fan.

Good luck everybody!

Trade ist aktiv:

Hey! I'm already up a few cents. :0) But for the less adventurous they may want to wait for a confirmed break outside of the wedge. Maybe they can get a little better pricing, maybe not.....

Here's a look at the daily.

Kommentar:

Yes, I'm still holding this trade too. :)