Silver (Head and Shoulder) short!
Hi Traders,
As you seen in above chart Silver broke the neck line of head and shoulder
pattern and creates bearish bias.
There is also Conflict point at Neck line area,
where Hull moving and key level conflict each other.
Recommendation:
Short from current price $17.40
Add more volume if breaks $17.28 Level, its also called confirmation level.
Targets are: $17.10, $16.80 and $16.20.
Stop should be $17.70
Risk to Reward: 1:4
Every system has a limitation.
Good Luck!
As you seen in above chart Silver broke the neck line of head and shoulder
pattern and creates bearish bias.
There is also Conflict point at Neck line area,
where Hull moving and key level conflict each other.
Recommendation:
Short from current price $17.40
Add more volume if breaks $17.28 Level, its also called confirmation level.
Targets are: $17.10, $16.80 and $16.20.
Stop should be $17.70
Risk to Reward: 1:4
Every system has a limitation.
Good Luck!
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.