Use SIVR wedge break out to hedge against the stock market
Here's a hedge against the market, today SIVR broke symmetrical wedge going back 2 years. If it closes above the wedge that is a confirmation of the break. Especially true if it breaks 16.91 (higher high) and holds that near tomorrows close. If that happens, best time to buy is sometime tomorrow afternoon. If we can't stay above wedge and make higher high, it can be watched.
Since the wedge occured after a bearish weekly trend, the wedge is more likely to break downward. I was (pleasantly) surprised this morning when we wicked above the wedge. I would not take a position until it confirms.
Since the wedge occured after a bearish weekly trend, the wedge is more likely to break downward. I was (pleasantly) surprised this morning when we wicked above the wedge. I would not take a position until it confirms.
Ordre annulé
Failed to close weekly above wedge and failed to break higher high.Note
Today daily closed at 15.62, a lower low and a close below monthly trendline. Very bearish, good place to short.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.