Silver pressured down
Silver (USDXAG) under the bearish pressure following the formation of the combined multi-candle reversal pattern Shooting Star Doji. Selected Alpha measures the strength of this candlestick reversal pattern at 10.8 CandleScore points. The next support stands at the lower daily Bollinger Band (27.45) – nearly coinciding with the low of the previous Hammer at 27.38. Silver has been very respectful of the Bollinger Bands lately – therefore expect the upward reversal from the lower daily Bollinger Band (27.45).
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