Since the monthly False Break 
SLV has generated between Nov 2015 and Feb 2016, SLV has exploded higher and broke through a key structure zone (15$) and two weekly SMA lines.
17$ is another Weekly Structure Zone that nowSLV is facing with. It can create some short term pullback in Silver.. even such pullback that will drive it back towards 15$.
The final target zone forSLV's weekly bullish move, in my opinion, is the 18-19$ weekly structure zone. If and when the price will reach there, it will allow enough time for the 200 weeks MA to reach that zone and add its weight to make it a very strong weekly Sell Zone
Based on this weekly structure analysis, if you want to tradeSLV you should either focus on the 15$ support zone for bullish trades, or wait for SLV to reach 18.5-19$ to try and short the Sell Zone.
Obviously you can also try to sell the Weekly Structure near 17$, but if you want stronger Price Zones, $15 and 18.5$ are the levels you should pay attention to
Tomer, The MarketZone.net
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SLV has generated between Nov 2015 and Feb 2016, SLV has exploded higher and broke through a key structure zone (15$) and two weekly SMA lines. 17$ is another Weekly Structure Zone that now
SLV is facing with. It can create some short term pullback in Silver.. even such pullback that will drive it back towards 15$. The final target zone for
SLV's weekly bullish move, in my opinion, is the 18-19$ weekly structure zone. If and when the price will reach there, it will allow enough time for the 200 weeks MA to reach that zone and add its weight to make it a very strong weekly Sell ZoneBased on this weekly structure analysis, if you want to trade
SLV you should either focus on the 15$ support zone for bullish trades, or wait for SLV to reach 18.5-19$ to try and short the Sell Zone. Obviously you can also try to sell the Weekly Structure near 17$, but if you want stronger Price Zones, $15 and 18.5$ are the levels you should pay attention to
Tomer, The MarketZone.net
Follow me on TradingView
Follow my blog - goo.gl/TWWN8C
Subscribe to my mailing lists - goo.gl/JfOLoR
Catatan
Approaching Target
Pernyataan Penyangkalan
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Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.