Hello traders,
Hopefully everyone is doing and performing well.
My trade-idea finally shaped up after a few weeks on Silver. Patience pays:
Silver has formed a 4H corrective structure in the shape of a running channel / 3-touch flag with an accepted override. While the flag itself doesn't make the setup highly probable on its own, the higher time frame (HTF) still supports a bullish trend. Recent near-misses of previous highs suggest potential for downside liquidity grabs, but the correction may have built up enough volume to push price toward the third touch of the weekly running channel. Clockwork in the making.
Hopefully everyone is doing and performing well.
My trade-idea finally shaped up after a few weeks on Silver. Patience pays:
Silver has formed a 4H corrective structure in the shape of a running channel / 3-touch flag with an accepted override. While the flag itself doesn't make the setup highly probable on its own, the higher time frame (HTF) still supports a bullish trend. Recent near-misses of previous highs suggest potential for downside liquidity grabs, but the correction may have built up enough volume to push price toward the third touch of the weekly running channel. Clockwork in the making.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.