SILVER, end of triangle is near

16 oct. 2020

SILVER
Hello everyone 😃
As we can see 👀
- EMA 100 is strong resistance for SILVER on 4,6,12 timeframes
- BBs basis is controlling trend from below ( supports it )
- MACD is narrow but still bullish
- Bullish crossover on Stochastic RSI
- Helical indicators are range but also we had a convergence on them and we are waiting for trigger to confirm it !
- Critical support line from March 2020

For now, SILVER is being range ( 24 - 24.8 , mentioned on chart ) it could continue until next day... ( markets are close 😂, so it doesnt matter at all ).
But important things are convergence and this old support line !!
recently SILVER had many touches with it...
IF convergence confirmed, then we will hold above line but if it failed to make trigger we have to expect a breakout below support line :((
I have to mention that fundamental can change everything too !

Attention : this is not a financial advise we just try to help people on their own vision.

HAVE A GOOD DAY
- Helical_Trades