SIL: Descending triangle Short

Global X Silver Miners ETFArca

Description

⋅ Jun 21, 2020 3:23 PM

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$

Chart Patterns

Comments

LeLaf

⋅ Jul 17, 2020 2:04 AM

Went against the tide on this one. Was not meant to be.

LeLaf

⋅ Jul 9, 2020 12:02 AM

Not gonna happen