Silver / U.S. DollarShort
Silver weekly, observation of a bigger triangle-formation.
This is not a prediction, it's first of most, an observation of a possible bigger triangle-/wedge-formation in weekly Silver. Price has now reached almost at a fib 0.382 level...
If this triangle become valid, downside is the direction to look for.... In all 3 indicators, we have first a hidden bear divergence, and then last 2 tops now, has bear divergence in this weekly.
All these observations, could trigger more downside, or a choppy situation also.... it's all I can tell at this early stage .
If this triangle become valid, downside is the direction to look for.... In all 3 indicators, we have first a hidden bear divergence, and then last 2 tops now, has bear divergence in this weekly.
All these observations, could trigger more downside, or a choppy situation also.... it's all I can tell at this early stage .
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.