Watch for breakdown on Silver - 1H close below trendline
Expectations : 1. Looking for similar action to the one posted here: 2. Whereby - weakness on this current bounce and a pullback or a small ranging action (on lower time frame) around 22.75 -22.85 zone or below
Price targets : 22.15/20 - previous low on the 1H candle 16:00 UTC on 22/1 22.00 - next support level from 6-7 Jan lows 21.45/50 - below that is a 2 times low on 1H candle on 29/9 and 15/12
However should 1H close above previous high of 23.06 this MIGHT be invalidated, will update accordingly
*Prices and trendline drawn based on Silver Continuous Futures listed as on COMEX, prices may differ from your broker especially if you are trading CFDs or other forms derivative **All timing based on UTC+0
Comment
⋅
As of now per oscillators on the 4H it looks like there's room for more upside