Chop derived indicator, RSG is showing a larger level. All vertical lines are ready to pop situations. We are on another ready to pop scenario.
Remember - This is not a directional prediction. This is merely another way to look at Squeeze and align another indicator with similar concept to select a good ticker. ...
Silver could go to a strong resistance (0,23 fibo level). Reached that level, if broke it probably will go to another strong daily resistance (blu line), if not will go down with first target blu rectangle zone.
descending channel on monthly. Middle Line crossed down-side.
possible Supports ahead
1. 1040 which is previous pivots, fibo bounce zone (127%).
2. 950 which is the channel bottom line and stronger fibo bounce zone 161% golden percentage.
Hey guys! Found a really great short coming soon!
What influenced my decision:
-Weekly is on a good,healthy downtrend
-Price is about to hit a REALLY strong resistance area on the Weekly Chart at 0.74749
-38.2 Fib level beautifully joins with the strong resistance area (0.74749)
- Price is in a corrective wave ...
ANOTHER POST TO SUPPORT MY PREVIOUS BIAS ON GBPUSD AND THIS BREXIT AND HOW ITS PAINTING THE PICTURE BEFOREHAND
GBPUSD LOOKING SET TO MAKE LOWER LOWS AND ULTIMATELY SHOOT ENGLAND IN TO A RECESSION
PRICE HOLDING FIRM BELOW 1.4710 WITH WEAKNESS AND MACD DIVERGENCE
1.35000 WILL BE THE FIRST TARGET