EliteTrader101

SIL Silver miner ETF Head and shoulder short squeeze

Long
AMEX:SIL   Global X Silver Miners ETF
Some traders went short on this H&S break and will be forced to cover when the price goes higher. The trend on the daily is UP with trend line support and silver is setting up for a short squeeze because traders went short on the monthly break of a triangle and a W pattern formed and price action is going up with large up bars.
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