Silver Short possibility
4H chart
1.Trendline (blue) from May, that now acts as resistance
2.Counter trendline (also blue) - acts as a resistance
3.Strong Resistance line (yellow). Also acted as a major resistance in 2018
4.Round number 17.500
5. Fib. retracement 0.382 level
Possible 4-5% drop to Golden Pocket 0.618-0.65 fib. range.
Not financial advice. Just a fellow trader sharing his thoughts.
4H chart
1.Trendline (blue) from May, that now acts as resistance
2.Counter trendline (also blue) - acts as a resistance
3.Strong Resistance line (yellow). Also acted as a major resistance in 2018
4.Round number 17.500
5. Fib. retracement 0.382 level
Possible 4-5% drop to Golden Pocket 0.618-0.65 fib. range.
Not financial advice. Just a fellow trader sharing his thoughts.
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.
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.