The wedge is one of the most bullish of all patterns, and this silver wedge is a beauty!
After the breakout on the daily chart at $14.20, the price of silver is coiling like a spring:
Up and down, up & down, up & down, up & down, (get the picture?) until it will
SPRUNGGGGGGGGGGGGGGGGGGGGG!!!!!!! and the coil will unleash (uncoil) catapulting the
price upwards!
This always happens after breaking out of a downward wedge.
(Conversely, the price would break down after breaking out of an upward sloping wedge)
I think that we are close, very close to seeing the coiled spring sprunging. If that sounds
Irish it's because it is, and for me that's a good thing!
I can't wait for the spring to sprunggggggg! :)
After the breakout on the daily chart at $14.20, the price of silver is coiling like a spring:
Up and down, up & down, up & down, up & down, (get the picture?) until it will
SPRUNGGGGGGGGGGGGGGGGGGGGG!!!!!!! and the coil will unleash (uncoil) catapulting the
price upwards!
This always happens after breaking out of a downward wedge.
(Conversely, the price would break down after breaking out of an upward sloping wedge)
I think that we are close, very close to seeing the coiled spring sprunging. If that sounds
Irish it's because it is, and for me that's a good thing!
I can't wait for the spring to sprunggggggg! :)