SILVERSilver appears to be putting in a bottom right along the median line and lower parallel of two separate Pitchforks. (Larger Shot of both forks below)
Momentum showing some serious bullish divergence.
Not Shown MACD & RSI - Also showing solid bullish divergence.
Pending a breakout, I would expect that Silver rallies up the arc formation towards the energy point. (Lightning Bolt)
Energy Point = Median Line and/or MLH intersection, this one takes place at approximately $28.50 in late February 2023.
I've set two target areas as potential take profit levels.
T1 = 0.618 Fibonacci Retracement Level = $23.36
T2 = The U-MLH of the purple fork/Energy Point = $27 - $28.50
Let's see what happens.
Fat_Fat
註釋
Forks + Energy Point
註釋
(MACD + RSI) Bull Div
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