For me, it looks like clear short until $71.50 - $71.00. Play according to your risk management but please please use SL for trading otherwise it is not worth trading. It is better to lose some pips rather than losing the whole capital...... Trade with care.
Cheers and Good Luck.
I found this pattern when i was looking at chart and all the credentials for the patterns seems to be satisfying the rules. Just an idea, lets see whether its get validate or not. Comments are most welcomed if something wrong about the pattern
A possible bullish butterfly could be in forming in the DAX or GER30, which could give some buying opportunity around 0.786 - 0-886 Fib levels which is marked as D in the chart. Targets could be around the 38.2 and 61.8 retracement of CD leg. This all could happen provided right price action at point D.
Just an educated guess which could help you in making better...
Here comes the next possible trade setup after the perfect completion of previous bullish pattern, link provided on the chart. For this trade details are on the chart. If bearish price action short can be considered from this levels as it is FIB 61.8% level retracement of the recent bearish move. Please, it is just an educated guess to give a sense of future move...
A possible inverted Head and Shoulder pattern possible in silver. Presently rejected thrice from the neckline (around $16.90 - $17.00) and possibly going to make the right shoulder until ($15.40 - $16.00) and then shoots up until ($18.00 - $18.50). Its an idea for possible moves but not any advice for trade setups. If it matches with your analysis than it might be...
I found this highly probable advance harmonic pattern 'Bearish Butterfly' forming in DAX or GER30 or DE30EUR for very good short. With the given possible range from 27.20 to 161.80 extension of move of XA and RSI also entering into the overbought region, we can expect a good short entry provided supporting price action for this short. I believe if this...
Bearish ABCD pattern looks good and if we hold the structure and
resistance level at 143.30, then we are in good trade here.
Entry at 143.25
SL should be at 144.10
Target around 138
Its just an idea as I am learning so
no trade please but opinion matters