Emerging Head and Shoulders pattern in its final wave was identified on the Silver Spot 15 Minutes chart. After a strong bearish run, we find Silver Spot heading towards the upper triangle line with a possible resistance at 31.8783. If the support shows to hold, the Head and Shoulders pattern suggests a rebound back towards current levels.
A Head and Shoulders has formed, Silver Spot is approaching resistance. Can we expect a breakout and the start of a new trend or a reversal?
