SILVER - Bullish Hammer @ Support

SILVER

I bought the dip and re-entered silver at support with a limit entry as we looked at before...

It printed a bullish hammer / dragonfly doji with buy pressure coming in @ support.

It looks good here and both gold and silver are in lower time frame descending wedges.

The correction may extend but this could also just carry on up from here into a very wild uptrend 👍.

Not advice

Kommentera:

Still in a precarious area but the great positional buys are often that way.

Notice how the 4H 200MA is curling over to provide a liquidity pocket for this low.

Thats a bullish clue I think.

RSI also pushing up.

This could yet become a higher time frame correction with this correction being the first of 3 or more waves.

But it might just be a simple correction completing and on with the uptrend.

I bought more here 👍.

Kommentera:

Press Play 😼.

Kommentera:

Wow 7% pump today. Silver is really warming up 🚀.