Silver smashing against an extreme outer channel, looks like an mini head and shoulders, that will break higher rather than lower.
Previous post: This chart shows an extreme sell down, time to watch this security daily – Update
Option expiration week is over, extreme volatility of last week ends (we assume), now it is the time to see if metals will show signs of bullishness. Maybe forecasting a longer USD sideways move.
Latest chart.
Previous update chart
Larger ImageNOTE: readtheticker.com does allow users to load objects and text on charts, however some annotations are by a free third party image tool named Paint.net
Investing Quote…
“Money is made in tape reading [chart reading] by anticipating what is coming — not by waiting till it happens and going with the crowd.” ~ Richard D Wyckoff
“The four most dangerous words in investing are ‘This time it’s different’.” ~ John Templeton
