Thoughts on silver:
- Reaction from Fib golden zone but looks like a dead cat bounce
- No high was retested and looks like a lower high is being created
- Slow stochastic is trading below 50 signifying some bearish sentiment
- Weekly candle looks like a bearish doji
- Candle stick pattern resembles a potential double top forming
I still have dry powder (from taking profits at $100 price point) for more lump sum silver buys but only when we get out of this range area.
If this fib golden zone doesn't hold, I like the $50 weekly support/demand level as a next potential area of relief and where I would buying next.
My weekly DCA is still continuing.
- Reaction from Fib golden zone but looks like a dead cat bounce
- No high was retested and looks like a lower high is being created
- Slow stochastic is trading below 50 signifying some bearish sentiment
- Weekly candle looks like a bearish doji
- Candle stick pattern resembles a potential double top forming
I still have dry powder (from taking profits at $100 price point) for more lump sum silver buys but only when we get out of this range area.
If this fib golden zone doesn't hold, I like the $50 weekly support/demand level as a next potential area of relief and where I would buying next.
My weekly DCA is still continuing.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.