Silver FuturesShort
Silver : intermediate target
Purple lines represent an ABCD move.
Point A is 23.69. This is near our entry of 23.39
Yellow lines are a descending channel.
The fall can be rapid.
I expect a bounce where the beige channel meets the lower mustard colored channel. The bounce could be to the red line.
This could be followed by further downside for several weeks.
Point A is 23.69. This is near our entry of 23.39
Yellow lines are a descending channel.
The fall can be rapid.
I expect a bounce where the beige channel meets the lower mustard colored channel. The bounce could be to the red line.
This could be followed by further downside for several weeks.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.