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.
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La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.