stamoyo

SILVER Plausible price action

Short
TVC:SILVER   CFDs on Silver (US$ / OZ)
The symmetrical triangle stands for a neutral position. It was broken negatively and we have a down movement. Its support line is now resistance. The expected move of the bear trend is as much as the distance from the "top" to the "bottom" and we have projected it on the chart by two blue lines. We expect a move around the red arrow and a take profit down there.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.