Hey traders,
At the end of December, Silver reached a strong horizontal resistance level.
Then the price formed a descending triangle formation - bearish accumulation pattern.
Breaking its support this morning the market confirms an overwhelming bearish pressure.
I expect a bearish move to 21.6 level.
Look for an occasional retest of the blue structure as your entry.
Safe stop will be at least above the falling trend line of a triangle.
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Note
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✅Join My Telegram Channel: t.me/VasilyTrading
❗️YouTube Channel youtube.com/c/VasilyTrader
✅ Facebook: facebook.com/VasilyTrading/
⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
❗️YouTube Channel youtube.com/c/VasilyTrader
✅ Facebook: facebook.com/VasilyTrading/
⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
Related publications
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.