$SILVER - ugly rectangles -NOT typical bullflag, but bullish!
Compare to 2010/11
Similar structure from the pullback, BUT - entered from above, and the clues about the dump were in the chart on the approach - up the lift and down the stairs, hit the rSI50 and just sh@t it self
This time, its up the stairs and down teh lift, so it IS a bullsish structure.
Thre's a chance of it givinng way, but there isn't that great a vacuum as people are saying. only to 20.50 - big ledge. think it's not relevant? Look where the consolidation is - right below the last one.
Similar structure from the pullback, BUT - entered from above, and the clues about the dump were in the chart on the approach - up the lift and down the stairs, hit the rSI50 and just sh@t it self
This time, its up the stairs and down teh lift, so it IS a bullsish structure.
Thre's a chance of it givinng way, but there isn't that great a vacuum as people are saying. only to 20.50 - big ledge. think it's not relevant? Look where the consolidation is - right below the last one.