WPM has now gained great bullish momentum prior to violating its pennant's resistance. the overall structure is a bearish cypher pattern at a point for an SL hunt swing.
WPM midline support has greatly shown its crucial play as it has been the bullish/bearish indicator of this long-term channel.
Any violation of the pennant within this channel can be the trigger for a swing to the channel resistance labeled as R1.
As gold charted below we have a bullish formation with the potential of a breakout on XAU which can trigger all precious metal companies to make a bullish run.
WPM midline support has greatly shown its crucial play as it has been the bullish/bearish indicator of this long-term channel.
Any violation of the pennant within this channel can be the trigger for a swing to the channel resistance labeled as R1.
As gold charted below we have a bullish formation with the potential of a breakout on XAU which can trigger all precious metal companies to make a bullish run.
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