Both shown uptrends are still full in tact.
Perhaps a nice H&S will be formed?
TPS could be: Min TP = 20.8$ / Max TP= 21.9$
-A level to watch is the 19.9: Here the H&S would be activated (falling neckline) - here is also based the falling shortterm trendline
-Trading below 18.7 is bearish with shortterm tp 18.3
-Trading above 20.75 is strong bullish
Resists: 19.35 / 20.25 / 20.5/20.5 7 Main resist: 21.25
Supports: 19.22/ 18.7 / 18.3 / 18 / 17.8
Best regards Mary
Former Views:
38,2 really was silvers object of desire!
www.tradingview.com/...rs-object-of-desire/
These days we have the answer to my in my former view asked question: Will the Fibo 38,2 or the 61,8 be the object of desire? - Yes it was the object of desire.
We have diped down to the 38,2 which was corresponding to the max. tp of my in my former Analysis illustrated bearish H&S.
"Have we seen the top?"
This is an Action Point where a decision has to be made. The RSI signs a weak Long-signal
Supports: 18.4/18,3/ 17.4/
Resists:19.25 (central) / 20.20/ 20.75
Will the Fibo 38,2 or the 61,8 be the object of desire?
www.tradingview.com/...he-object-of-desire/
These days, the RSI generatet a shortsignal in this timeframe.
Prices above 19,2$ are still bullish (shortterm)
Prices below 19,2$ will perhaps cause a dip to the 38,2 fibo @ 18,3$ This Level is corresponding to a former high in the beginnings of 2015 and near the top from 05/2016.
Prices below that minimal correction Level (38,2) will turn the bullish momentum into bearish - the next TPs could be the uptrendline @ 17.25$ or the holy fibo 61,8 @ 16,5$ - here is also based the EMA 200as a supportlevel.
Prices above 21,25$ seem to be strong bullish
Perhaps a nice H&S will be formed?
TPS could be: Min TP = 20.8$ / Max TP= 21.9$
-A level to watch is the 19.9: Here the H&S would be activated (falling neckline) - here is also based the falling shortterm trendline
-Trading below 18.7 is bearish with shortterm tp 18.3
-Trading above 20.75 is strong bullish
Resists: 19.35 / 20.25 / 20.5/20.5 7 Main resist: 21.25
Supports: 19.22/ 18.7 / 18.3 / 18 / 17.8
Best regards Mary
Former Views:
38,2 really was silvers object of desire!
www.tradingview.com/...rs-object-of-desire/
These days we have the answer to my in my former view asked question: Will the Fibo 38,2 or the 61,8 be the object of desire? - Yes it was the object of desire.
We have diped down to the 38,2 which was corresponding to the max. tp of my in my former Analysis illustrated bearish H&S.
"Have we seen the top?"
Supports: 18.4/18,3/ 17.4/
Resists:19.25 (central) / 20.20/ 20.75
Will the Fibo 38,2 or the 61,8 be the object of desire?
www.tradingview.com/...he-object-of-desire/
These days, the RSI generatet a shortsignal in this timeframe.
Prices above 19,2$ are still bullish (shortterm)
Prices below 19,2$ will perhaps cause a dip to the 38,2 fibo @ 18,3$ This Level is corresponding to a former high in the beginnings of 2015 and near the top from 05/2016.
Prices below that minimal correction Level (38,2) will turn the bullish momentum into bearish - the next TPs could be the uptrendline @ 17.25$ or the holy fibo 61,8 @ 16,5$ - here is also based the EMA 200as a supportlevel.
Prices above 21,25$ seem to be strong bullish
Comment:
upmove in full swing
Comment:
tp nearly reached....selling a part of the Long could be a nice idea :-)
Comment:
shortterm tp reached! Now we are fighting with the neckline = next longtrigger