GLD, Why Not SLV?

Here's a look at SLV-GLD is on the trade list for Feb. as a semi-spec trade.

 Here we see in red a false breakout in SLV, could we be looking at another coming out of a bearish ascending wedge. Remember these patterns are highly manipulated.

 on a 60 min chart the wedge is more visible, even though it's rising, it is bearish because of the wedging activity seen.

 Money Stream called the first false breakout, it's not looking too bullish on this breakout of the wedge either.

 3C daily made the same observations and 3C is not coded at all like MoneyStream, it's a totally different code so the findings when they agree, should be taken seriously, especially as MoneyStream is not as sensitive to divergences.

Here's the 1 min chart in SLV, no confirmation of today's move. Interesting.

If you chose to trade this, obviously you want to keep the trade somewhat speculative until there's a reversal, but there's a zone of resistance in white, I might put a stop just above that area.

All in all, it seems the risk is not too large with that resistance zone nearby, it may make for a decent r:r entry here. Or, you can wait for confirmation.