Silver Spot was identified at around 32.328 having recently rebounded of the resistance on the 1 hour data interval. Ultimately, the price action of the stock has formed a Channel Down pattern. This squeeze may increases the chances of a strong breakout. The projected movement will potentially take the price to around the 32.0051 level.
Related Posts
Because Silver Spot formed a Channel Up pattern, we expect it to touch the resistance line. If it breaks through resistance it may move much higher
An emerging Channel Up has been detected on Silver Spot on the 4 hour chart. There is a…
Natural Gas is quickly approaching the support line of a Channel Down. We expect either a breakout through this line or a rebound.
Emerging Channel Down detected on Natural Gas – the pattern is an emerging one and has not yet…
Silver Spot is quickly approaching the support line of a Channel Up. We expect either a breakout through this line or a rebound.
Silver Spot is moving towards a support line which it has tested numerous times in the past. We…