HumphreyNR
Short

Symmetrical Traingle on Silver?

TVC:SILVER   SILVER (US$/OZ)
35 0 1
1. Symmetrical triangle formation signaling a possibility of downward trend continuation
2. Double top formed on 1H at the 0.5 fib (17.057)
3. The 0.618 fib (17.162) has been a support level in October and could prove to be a good resistance level now.
3. Good Risk-reward ratio

Looking to short if price breaks below the symmetrical triangle (below the 0.236 fib).
SL can be above 0.618 fib (17.162 price zone)
TP can be 16.00 price zone

Trade with care.
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out