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blackwell33
Aug 10, 2020 11:34 PM

SLV This Week Short

iShares Silver TrustArca

Description

Breaking down some of the intraday patterns here in SLV. RSI well overbought based on historical numbers. We also have a GAP to fill as seen in the previous burst. The $25.25 target also lines up with a 50% Fibonacci retracement point. Disclosure, I'm short SLV for this week.
Comments
neclervi
well done
EmptyEternity
Where will the bounce take us before the next fall? Up to the trend line?
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