A combination of silver on the brink of breaking below its tight uptrend channel and a strong textbook bearish divergence in play.
Note
Not shown on chart; but the lower red zone is perfectly aligned with the golden pocket from the march 12th lows to the April 14th highs. This enhances my target as the optimal target of a short silver play.
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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.