Silver - bullish outlook
Going long based on the below bullish indications:
1. Series of HHs and HLs
2. Rising Trendline intact
3. Ascending parallel channel
4. Price at horizontal support and bouncing
5. Fib 0.618 (23.345) support confluences with point 4. above
6. Bullish Engulfing at support
Also note potential double top, so will be watching it closely and switch the direction of the trade if price rejected at resistance.
1. Series of HHs and HLs
2. Rising Trendline intact
3. Ascending parallel channel
4. Price at horizontal support and bouncing
5. Fib 0.618 (23.345) support confluences with point 4. above
6. Bullish Engulfing at support
Also note potential double top, so will be watching it closely and switch the direction of the trade if price rejected at resistance.
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