fun up trend but now joyride down for OANDA:XAGUSD by Nkavleng

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trendanalysis indicator waveanalysis downtrend

Past weeks of a strong up trend with the Rsi is over brought zone and the Bollinger band hit it ends. Waves analysis show wave was a strong move but show signs of it ending soon it begins wave 4 a correction while occer. With the resistance zone hit it begins a new trend on the down side

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Note of advice. Gold and silver are correlated. If gold is reaching all time highs how can silver melt down like this? I suggest you go read up on anti-fiat and you'll get me. Trust me when I say youll thank me sooner rather than later. Silver is a marco bull.

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EdgarLubinga

@EdgarLubinga, I agree with your opinion based on historical data that we have seen.

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sachsuj

@sachsuj, still learning. Thanks for supporting and informing me

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Nkavleng

@Nkavleng, no worries:) we are all here to learn together:) and with that mindset, it will be easier to analyse, find better trade set-ups and strive to be a consistent & profitable trader:)

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EdgarLubinga

@EdgarLubinga, thank for the advice do have resources to explain anti-fiat

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