veryevilone

Whats this silver doing?

OANDA:XAGUSD   Silver
Well it could be a bear penant of sorts. As far as i can see the the price has touched the bottom 3 times now. And the top only twice. I dont know if this means anything, but i mean if price doesent break up from here fast, then what? Well i looked at the 1H and its a bearish DIV             0.33% right here. The 3 last Candles on 1H also look toppish. So when silver             -0.28% opens monday, it could be a bad day for the market. HOWEVER i dont think it will be as bad as a few weeks ago. I think its going to find a bottom maybe even at round $17.00 best case. Have a nice day.
Comment: Im not doing this trade. after further analasys i have realised that the potential to swing up is just as big. And if it does, its going to be a big candle. :popcorn:
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