Top 5 Weekly Trade Ideas #2 | Silver Bull Flag

15 בספט׳

Silver is another interest rate sensitive ticker with a bullish pattern heading into next week's fed decision. It has a nice bull flag on the 1D. It did have a fakeout below, but the lower trendline is still being respected and it closed at the top end of the flag last week. If it breaks above, I'd expect continuation to at least 32.50.

Final target will be around the 37 area based on the flag pole length depending on where the breakout occurs. I'll look to enter longs on a break, or ideally a retest after. Stop loss will be back below the upper trendline if it breaks above.

24 בספט׳

הערה

Silver finally moved today with a big gap up. It's nearly to my first target already. If it's able to clear that it should be able to find more momentum up.