What Next On Silver ???
Case a) marked With Pink Round Arrows Showing possibility of making of head & shoulder pattern case b ) Marked with orange arrow --- big Move & flag bullish flag consolidation
Case a) Silver If breaks 17.1 than a strong case of it forming Head & shoulder pattern over short term arises ..with neckline at 16.35 & breach below Same Would open an downside target of 14.1
Case b ) Shows that silver is consolidations Mood up after the large up move From 16$ to 17.75 $ and would breakout Soon ..any close abv 17.8 Would open upside Possible targets of 18.4--19.6
Summary : So the Most important lvls For Silver in short term are 16.35---17.1---17.8--18.4
While 17.1 indicating breakdown of Flag and test of Neckline at 16.35 possible & close abv 17.8 would mean that the short term Bullish Trend is still continued
hi,
ReplyDeleteWas curious to know....which silver chart you have used....I usually rely on lme silver chart or mcx silver chart....
Suchita Ambardekar.
http://www.suchitaambardekar.blogspot.com