I see 4 points, connecting to areas of divergence. If you are not aware of what divergence is, divergence is when price moves contrary to technical indicators, such as oscillators, or other data, when the price of an asset moves in the opposite direction. I personally use divergence as a form of an oncoming reversal. If you know how to use the BBMA strategy, it is...
XAGEUR broke down the bear flag few days ago and is dropping hard since. Recently bouced off the range lower edge support - which IF broken, I expect further fall down to bear flag target @ 16.52. Stackers, don't be sad, you can buy more cheaper!
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Take any whickoff chart and overlat it on silver.
Its textbook pattern. Patterns are identical.
Silvet should now consolidate at the bottem of the range and eventually brake it do the downside with another abc move.
Q2 : 18,5€
Q4 : 16,5€ first resistance
Q1 : 15,0€ bottem.
Thid means a good 20% drop from where we are. If dxy goes up to 120, eur/usd to 0,8 ,...
nice falling wedge setup after breaking out from bigger pennant, Signaling a continuation break out. Looking for price to get tight above capitulation wick into a a final squeeze then breakout. Could be a trade to push since the the target from initial breakout is much higher. Pattern to trigger bigger pattern.