TradingView
Tickmill
Feb 15, 2018 6:07 AM

Silver is testing major resistance,watch for potential reversal Short

Silver/U.S. DollarFXCM

Description

Silver has been rising strong and is now testing major 50% resistance at 16.91 (Fibonacci retracement, Elliott wave structure, horizontal swing high resistance) and a strong reaction could occur at this level to push price all the way down to 16.48 support (Fibonacci retracement, horizontal overlap support).

Stochastic (34,5,3) is seeing major resistance at 95% where a corresponding reaction could occur.

Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.

Comments
AnacotAcciaio
What do you think about?
AnacotAcciaio
More