649bruno
Short

SLV: Silver Fractal Sell Signal, More Negatives, New Down-Trend

AMEX:SLV   ISHARES SILVER TRUST
49 0 3
The latest Fractal for-SLV is one of many negatives.
I believe a new down-trend has started.
There are many sell signals.
1. Sell Fractal in effect ( rectangle on chart).
2. Alligator jaws opening in tandem with sell Fractal . Now feeding in down-trend.
3. Chop indicator (under chart) (indicates a trend or choppy action) is below the 38.2 shaded area, indicating a trending asset , which is heading DOWN.
4. Phase energy (lower top indicator) is heading lower (eight consecutive lower red bars all below the zero line).
5. Momentum (middle top indicator) is the 5/34 measure, and this is heading DOWN.
6. Prices are trading in the Ichimoku Cloud .
7. Prices are trading below the thick red Ichimoku Cloud conversion line. This line is heading lower.
8. Prices are trading below the Ki jun-Sen (black) baseline of the Ichimoku Cloud and this is rolling over to the down-side.

I would not be long in a trade for-silver. Good luck to you. Don.

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