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yossarian121

Silver - bounced from c78.6% and trendline

Long
CFDs on Silver (US$ / OZ) (TVC:SILVER)  
yossarian121 Updated   
TVC:SILVER   CFDs on Silver (US$ / OZ)
Trend Analysis Harmonic Patterns
4
0
trendanalysis harmonicpatterns
Had marked 18.7 as an area of interest in earlier analysis on silver (78.6% retrace and trendline confluence)
We did have an initial impulsive bounce from around 18.72. One can try longs here with SL around 18.65 positional
Comment:
19.3 is key now. Above that bears will get the shivers
Comment:
Mentioned 19.3 is the key level. Bulls have failed last two days to clear the hurdle. Gotta move soon or confidence in bullish view wanes. maybe from lower levels
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