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Possible Breakout in the Silver Market |
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By Matt Reynolds
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February 22, 2012
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Silver has made a Bullish Breakout on the Quarterly Profile and the Bulls have pushed the price above the top of the Persistence Zone and they are currently attempting to take control of the market. The time filter is 7 consecutive days above the top of the PZ in order for the bulls to take control.
The Weekly Profile has made a Bullish Breakout and the bulls have pushed prices above the top of the Persistence Zone and are taking control of the market. Look to buy the first retrace around the Zone-Trader Pivot on the Weekly Profile at 33.745.
Screenshot of all 3 profiles below in order from left to right it goes Weekly Profile, Quarterly Profile, and then Yearly Profile on the right side.
 Click on image to enlarge!
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