SILVER (XAG/USD) - Wait For a Bullish PA. From The Green Box!
Hi,
September wasn't exactly the best for Silver but I like the price movement that makes prediction a bit easier.
A possible short-term (1-5 days) reversal should occur around 16.500:
Some of the criteria:
1. EMA's from the Weekly and Daily timeframes should act as support levels.
2. Previously worked resistance becomes support
3. Fibonacci
4. Trendlines
5. Channel
6. Waves
7. Wait for bullish price action from the marked green triangle - a breakout from chart patterns, bullish candlestick patterns, etc.
Regards,
Vaido
September wasn't exactly the best for Silver but I like the price movement that makes prediction a bit easier.
A possible short-term (1-5 days) reversal should occur around 16.500:
Some of the criteria:
1. EMA's from the Weekly and Daily timeframes should act as support levels.
2. Previously worked resistance becomes support
3. Fibonacci
4. Trendlines
5. Channel
6. Waves
7. Wait for bullish price action from the marked green triangle - a breakout from chart patterns, bullish candlestick patterns, etc.
Regards,
Vaido
