Hello Traders!
Today’s chart update will be on SILVER, which is approaching key resistance levels, that if broken, well change the overall market structure.
Points to consider,
- Trend considered bearish
- Structural Resistance being tested
- EMA’s support
- Stochastics in upper regions
- RSI currently overbought
Silver is considered to be in a bearish trend, it must break the lower high projection to change market structure, it has been putting in consecutive lower highs.
Structural resistance is being tested, very staunched level dating back to 2008, a break will be very volatile.
The EMA’s are currently support, must continue to hold Silver as it approaches key levels for a bullish bias.
Stochastics is currently in the upper regions, can stay here for an extended period of time, however lots of stored momentum to the downside. The RSI is currently in overbought regions, a return back to neutral territory is probable to cool of the RSI.
Overall, in my opinion, SILVER is at a very key level with resistance confluences. A break will change the overall market structure, it is however probable for Silver to have a slight retrace before making a bullish attempt.
What are your thoughts?
Please leave a like and comment,
And Remember,
“Markets are never wrong, but opinions often are.”
Today’s chart update will be on SILVER, which is approaching key resistance levels, that if broken, well change the overall market structure.
Points to consider,
- Trend considered bearish
- Structural Resistance being tested
- EMA’s support
- Stochastics in upper regions
- RSI currently overbought
Silver is considered to be in a bearish trend, it must break the lower high projection to change market structure, it has been putting in consecutive lower highs.
Structural resistance is being tested, very staunched level dating back to 2008, a break will be very volatile.
The EMA’s are currently support, must continue to hold Silver as it approaches key levels for a bullish bias.
Stochastics is currently in the upper regions, can stay here for an extended period of time, however lots of stored momentum to the downside. The RSI is currently in overbought regions, a return back to neutral territory is probable to cool of the RSI.
Overall, in my opinion, SILVER is at a very key level with resistance confluences. A break will change the overall market structure, it is however probable for Silver to have a slight retrace before making a bullish attempt.
What are your thoughts?
Please leave a like and comment,
And Remember,
“Markets are never wrong, but opinions often are.”
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면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
Join the Free Trading Group
Telegram: t.me/freetradingden 🔥
Claim $1000 Deposit Bonus 🎁
Trade with perks & support the community!
partner.blofin.com/d/TheAlchemist
Stay sharp, trade smart.
— Team The Alchemist ⚔️
Telegram: t.me/freetradingden 🔥
Claim $1000 Deposit Bonus 🎁
Trade with perks & support the community!
partner.blofin.com/d/TheAlchemist
Stay sharp, trade smart.
— Team The Alchemist ⚔️
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.