Presently Silver is in Downward trend.
Parallel channel has been drawn and price has been respecting the channel. However, currently price has just spiked up out of channel, therefore, it would be wise to wait till price falls back in the channel and preferably break previous Lower Low to enter the Sell Trade.
AB=CD pattern has been drawn to draw the confluence and arrive to TP.
Sell (SHORT) Trade Call
Entry Buy: 29.90340
SL: 30.42867
TP: 29.09300
Parallel channel has been drawn and price has been respecting the channel. However, currently price has just spiked up out of channel, therefore, it would be wise to wait till price falls back in the channel and preferably break previous Lower Low to enter the Sell Trade.
AB=CD pattern has been drawn to draw the confluence and arrive to TP.
Sell (SHORT) Trade Call
Entry Buy: 29.90340
SL: 30.42867
TP: 29.09300
Order cancelled
In description trade values mentioned are incorrect; however, correct trade values were marked and mentioned on the chart. Since the trade never triggered as trend has completely changed, therefore, now I'm closing this trade. 
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.