littleriver
Long

Silver Unconfirmed Double Bottom

INDEX:BSI   DJ Silver Index
70 0 1
Highlighted are high and low pivots in price. These pivots are often accompanied with consolidation of Williams %Rs in oversold and overbought conditions. Trades may be triggered with moves of %Rs out of extremes. Recently, W%Rs consolidated in an oversold condition. This consolidation coincided with a potential double bottom . The next likely pivot high may follow %Rs exiting a overbought condition after consolidating. Also highlighted are possible median lines for the next pivot high. . With a move to the upper MLH, this double bottom may be confirmed.
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