cfetrader
Long

Short term Silver outlook

FX:XAGUSD   Silver / U.S. Dollar
45 0 2
A well proportioned AB-CD             pattern could in conjunction with a recent bullish crab formation (the validity of the bullish shark pattern was affirmed with the reaction at 15.6) lead a positive price movement towards the levels of 16 to 17, provided that the support of 14 is held (otherwise values of 12 to 10 will most probably be within reach).
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