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Silver Ready for Giant Breakout
Silver made a symmetrical triangle formation from 1988 to 2004 and broke this formation in 2004.
Its peak and order block in 1983 worked as resistance in 2006 and as support in 2008 and 2020.
I think the peak Silver did in 2011 was an order block too. The reason for this is that this order block was rejected in 2012.
The symmetrical triangle formation it has made since 2009 is also in the critical region now.
I can say that I am waiting for the scenario of breaking up of the symmetrical triangle. I think that the scenario that will emerge after this break will be similar to the 2004 - 2012 scenario.
Its peak and order block in 1983 worked as resistance in 2006 and as support in 2008 and 2020.
I think the peak Silver did in 2011 was an order block too. The reason for this is that this order block was rejected in 2012.
The symmetrical triangle formation it has made since 2009 is also in the critical region now.
I can say that I am waiting for the scenario of breaking up of the symmetrical triangle. I think that the scenario that will emerge after this break will be similar to the 2004 - 2012 scenario.
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