MaryJane
Short

On its way down

COMEX:SI1!   SILVER FUTURES
93 0 5
The strong support @ 15,35-15,5 did not hold - the sellout began. The exspected rebound to the breakoutlevel @ 15,5 also appeared (have a look @ my former analyis comments). At the moment the ultrashortterm downchanel is still present and dominant. the longtermtarget @ 12,5 is still active.
Prices above 15,5 make the chart bullish again

former analysis:
Will the support hold or will we see a sellout?
snapshot
Will the support hold and the bullish wedge be triggered and bought?
If yes, then the shortterm target @ the upper side will be @ EMA200 @ 16,8$.
If the strong support @ 15,35-15,50 does not hold, a fast sellout with worst case target @ 12$ could appear.
But at the Moment the CRV for Longs is phantastic. i drawed a possible Long Position into the Chart..i don`t trade it!
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