Here is a short explanation of the "continued upward trajectory for a while longer" concept mentioned in the previous idea. This term suggests that the current trend of price movement could also maintain upward direction for a certain duration before reversing. Such occurrences in silver price movements are relatively infrequent and have only happened three times since 2017 (see picture).
It's important to emphasize that while past performance does not ensure future outcomes, recognizing historical patterns can aid decision-making. It is crucial to exercise patience and prioritize waiting for confirmation of a trend reversal rather than hastily entering or exiting positions based on speculative impulses. In this context, it is highly significant to highlight the importance of monitoring key levels on the price chart, such as overbought and oversold positions indicated by the blue arrows in both the Slow Trend and Fast Trend indicators.
With this clarified, we now await developments in the upcoming week: either a continued upward trajectory for a while longer or confirmation of a reversal It's challenging to envision a third option.
It's important to emphasize that while past performance does not ensure future outcomes, recognizing historical patterns can aid decision-making. It is crucial to exercise patience and prioritize waiting for confirmation of a trend reversal rather than hastily entering or exiting positions based on speculative impulses. In this context, it is highly significant to highlight the importance of monitoring key levels on the price chart, such as overbought and oversold positions indicated by the blue arrows in both the Slow Trend and Fast Trend indicators.
With this clarified, we now await developments in the upcoming week: either a continued upward trajectory for a while longer or confirmation of a reversal It's challenging to envision a third option.