Silver: Descending Triangle Signals Downtrend for Silver to 20
Silver: Descending Triangle Signals Downtrend for Silver to 20/18
1. Price Formation: The price has broken out from a descending triangle price formation on a daily chart. Bearish sentiment.
2. Moving Averages: The 7-day moving average (MA) is below the 21-day MA. (7<21<200)
3. 200-day Moving Average is below the Price.
5. Relative Strength Index (RSI): The RSI is < than 50.
6. Price Target: 1st Target – 20 and possible 2nd target -18
1. Price Formation: The price has broken out from a descending triangle price formation on a daily chart. Bearish sentiment.
2. Moving Averages: The 7-day moving average (MA) is below the 21-day MA. (7<21<200)
3. 200-day Moving Average is below the Price.
5. Relative Strength Index (RSI): The RSI is < than 50.
6. Price Target: 1st Target – 20 and possible 2nd target -18