TradingView
VladimirRibakov
Jul 16, 2020 11:30 AM

Silver Short Term Forecast Short

SILVER (US$/OZ)TVC

Description

D1 - The price which is moving higher has currently reached a key resistance zone formed by the 100%(18.788) fibonacci expansion level of the first wave and the 61.8%(19.380) fibonacci expansion level of the second wave.

Until this key resistance zone holds I expect corrections to happen here.

H4 - Price has created two false breaks with bearish divergence.

If we get a valid breakout below the low at 18.850, we may then expect further continuation lower in the short term.
Comments
Johnny2Coins
Hmm
More