SILVER - Many buy signals!
The recent drop makes sense, as we were approaching an absolute monstrous resistance.The reversal was inevitable.
It seems like the drop is finished, and we will retest that monstrous resistance once again.
In 15 min candlestick chart, we can clearly see the head and shoulders pattern, as well as penant forming.
Divergence in 15min and 1 hour chart shows POSSIBILITY of trending back up. no clear trend here yet.
It seems like the drop is finished, and we will retest that monstrous resistance once again.
In 15 min candlestick chart, we can clearly see the head and shoulders pattern, as well as penant forming.
Divergence in 15min and 1 hour chart shows POSSIBILITY of trending back up. no clear trend here yet.
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.