H & S breakout on silver daily

2017년 8월 18일

Since last 16 months , silver price was trading in a H & S pattern. On 7 th July it broke neckline and went down towards 15.122 around and as usually happens price came back above neckline, forcing bears to cover their shorts. But price made its upward journey in rising wedge and it is about to breakout now. All this is about positional trading and not for intraday punter. I think price will again go below the neckline with very good steam.