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LeLaf

SIL: Descending triangle

Short
Global X Silver Miners ETF (AMEX:SIL)  
LeLaf  
AMEX:SIL   Global X Silver Miners ETF
Chart Patterns
3
2
chartpattern
Descending triangle on descending volume
Price currently on 33.98$ support
Resistance at 36.85$
ATR lowering (lower volatility)

Cons
PPS above 50MA
200MA pointing up
RSI above 50

If confirmed:
Target #1 = 29,90$
Target #2 = 27,80$
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