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CZman
Nov 10, 2023 12:43 PM

Silver has a big problem! Short

SILVER (US$/OZ)TVC

Description


Let's take a look at silver pricing together. Silver has been consolidating for a long time in a range. Every time silver tried to go higher it was rejected. We are already at the end of the consolidation, where the bears are cutting every move up. I don't see any signs that the price is going to go higher again. it can be seen how the price was gradually rejected from the top and further from 0.6 Fib and 0.5 Fib. Subsequently, we soon expect a steep drop to a value of around 21d.

Comment

Silver is still receiving rejection, a small pullback may come from -0.5 fib. When could we test a support/resistance transition before silver dives lower.
Comments
AlbrightXAU
Great work mate
CZman
@AlbrightXAU So much Thanks. Big squeeze coming soon.
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