XAGUSD Silver : Stairway to heaven? Bull flag behemoth! 25.5
A "bull flag" is a bullish candlestick pattern which is defined by -
1) A linear movement up (flag pole)
2) A tunnel or channel which is on top of the linear movement up (flag)
3) A break above the top of the channel which is the continuation of the up-trend (target)
The target is the size of the flag pole movement stretched from the breakout of the tunnel. In this specific case the long-term target is around $45.
The tunnel or channel range is between 20.20 - 26.20
Looking at the MACD we are furthest away from the baseline since March 2020 and showing convergence similar as back than before the flag pole movement of $17, which of course is a very bullish technical sign.
Silver is fundamentally bullish as well due to rising inflation globally.
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Thank you so much for reading! If you found my idea useful, please like and follow! It would truly mean a lot.
If there's anything you'd like to ask or comment, don't hesitate - It's the fuel to keep me going.
I am not a financial advisor and I encourage you to do your own research and be cautious when trading.
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1) A linear movement up (flag pole)
2) A tunnel or channel which is on top of the linear movement up (flag)
3) A break above the top of the channel which is the continuation of the up-trend (target)
The target is the size of the flag pole movement stretched from the breakout of the tunnel. In this specific case the long-term target is around $45.
The tunnel or channel range is between 20.20 - 26.20
Looking at the MACD we are furthest away from the baseline since March 2020 and showing convergence similar as back than before the flag pole movement of $17, which of course is a very bullish technical sign.
Silver is fundamentally bullish as well due to rising inflation globally.
-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Thank you so much for reading! If you found my idea useful, please like and follow! It would truly mean a lot.
If there's anything you'd like to ask or comment, don't hesitate - It's the fuel to keep me going.
I am not a financial advisor and I encourage you to do your own research and be cautious when trading.
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การซื้อขายยังคงดำเนินอยู่
Big spike up of $1 so far in a day! Dollar weakness is expected to continue and Silver is gaining while it's losing strength. 26.20 could potentially happen very fast, 20.20 remains possible within the range
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คำจำกัดสิทธิ์ความรับผิดชอบ
ข้อมูลและบทความไม่ได้มีวัตถุประสงค์เพื่อก่อให้เกิดกิจกรรมทางการเงิน, การลงทุน, การซื้อขาย, ข้อเสนอแนะ หรือคำแนะนำประเภทอื่น ๆ ที่ให้หรือรับรองโดย TradingView อ่านเพิ่มเติมที่ ข้อกำหนดการใช้งาน
การนำเสนอที่เกี่ยวข้อง
คำจำกัดสิทธิ์ความรับผิดชอบ
ข้อมูลและบทความไม่ได้มีวัตถุประสงค์เพื่อก่อให้เกิดกิจกรรมทางการเงิน, การลงทุน, การซื้อขาย, ข้อเสนอแนะ หรือคำแนะนำประเภทอื่น ๆ ที่ให้หรือรับรองโดย TradingView อ่านเพิ่มเติมที่ ข้อกำหนดการใช้งาน