If you saw my previous analysis on Silver,
then you know that we were tracking a bearish breakout of a major rising channel on a daily (the chart on the right).
Retesting the broken trend line, the market started to coil.
On 4H the market started to trade in a local bullish trend forming a classic bearish flag pattern (the chart on the left).
The confirmation that we are looking for to catch a bearish swing is a breakout of a support of a flag.
It will be a strong trigger for the initiation of a new wave.
Initial goal will be 27.06
Remember that the price can be within the flag for a long period of time, so be patient.
In case of a bullish breakout of current daily highs, the setup will be invalid.
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✅My Telegram Channel: t.me/VasilyTrading
❗️YouTube Channel: youtube.com/c/VasilyTrader
✅ Facebook: facebook.com/VasilyTrading/
⭐ Get 100% Deposit Bonus: bit.ly/bestforexgoldbroker
❗️YouTube Channel: youtube.com/c/VasilyTrader
✅ Facebook: facebook.com/VasilyTrading/
⭐ Get 100% Deposit Bonus: bit.ly/bestforexgoldbroker
Publications connexes
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.