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dionvuletich
Mar 12, 2019 11:31 AM

Silver Possible Bearish 5.0 Pattern Short

Silver/U.S. DollarFXCM

Description

Tracking a Possible bearish 5.0 pattern combined with a supply level and AB=CD pattern
The second spike up on this chart does not align with my charts so may be a bad tick but I have marked them both out as potential levels

Do not expect a large move down but expecting some form of reaction there, at least 38% retracement up to 61% retracement of the C-D leg up which is still a good 3-5:1 reward to risk
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