The SLV chart has me thinking that the Channel breakdown in the GLD (see last post) might have been a Breakdown Fakeout. The SLV had a Symmetrical Triangle breakout, appeared to have put in a possible Double Top, but successfully retested the Symmetrical Triangle last week, and now is poised to break out of this Ascending Triangle.
This chart is bullish. I likely will buy an Ascending Triangle breakout, or a fill of Friday's gap.
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