SILVER $SLV $PSLV #SLV #silver #silversqueeze Technical View
- We are breaking out of out of a 40 year old cup and handle.
- This is a pattern that is very familiar to me: The symmetrical wedge on the bull flag.
- To me it signifies an accumulation/distribution/ascendance cycle and I have traded it to great effectiveness in PLTR and PSTG:
- I believe that we are breaking out to make new ATH's, because of the strength of the bullish trend, even through the massive shorting.
- The strength of the upticks, even after the harsh rejections is shocking.
- This price action has yet to factor in the scarcity of the underlying on the market, and when this is priced in, we will begin true price discovery.
- It is only a matter of time... time I have to accumulate.
Check out my fundamental analysis and speculation in the comments.
- This is a pattern that is very familiar to me: The symmetrical wedge on the bull flag.
- To me it signifies an accumulation/distribution/ascendance cycle and I have traded it to great effectiveness in PLTR and PSTG:
- I believe that we are breaking out to make new ATH's, because of the strength of the bullish trend, even through the massive shorting.
- The strength of the upticks, even after the harsh rejections is shocking.
- This price action has yet to factor in the scarcity of the underlying on the market, and when this is priced in, we will begin true price discovery.
- It is only a matter of time... time I have to accumulate.
Check out my fundamental analysis and speculation in the comments.
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