[I am sharing this idea to have feed back, do not follow me blindly, I am no professional !]
The 16.44 resistance has broken. With low perceived risk on the market, the bearish trend should continue and 15.7 could be a first target (close to 5% profit).
The 16.44 resistance has broken. With low perceived risk on the market, the bearish trend should continue and 15.7 could be a first target (close to 5% profit).
Note
I do not share the analysis of Blackwell Global but divergent opinions are nevertheless good : investing.com/analysis/have-we-found-silver’s-bottom-200188430I think the author fails to note that RSI or Williams can stay over sold a long time. It is the come back to not oversold that you need to look at(on the chart the -60/-80 range). Technical is bearish... not bullish at all.
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.