Comparic

Silver decreased as expected

TVC:SILVER   CFDs on Silver (US$ / OZ)
Last Friday I pointed out that there is high probability of decrease of silver             price to 17.40. I showed ABCD pattern before it was even tested: “D point which should cause rebound is located at 17.40. The price was very close to that level today but silver             didn’t test it yet”.

Decrease inside ABCD is happening

ABCD pattern on 17.40 made AB=CD and in D point there is also I resistance, which supports bears. This pattern is opposite to previous bearish trend and has a form of lear BC             line. For 3 days (From Monday to Wednesday) bulls tried to break 17.40. It did not happen and as a result on Thursday price took control. There was dynamic bearish movement and now price is at 7 days low.

In short term we should expect dynamic moves which shows up after moving down to BC             range. Depending on strength of bears price should stop in 17.00-16.500 area. There should be bullish correction.

In middle term decreases can be continued with testing of May’s lows. This would happen according to our bearish scenario from April 17th – May 9th             .
Sprawdź największy polski portal traderski - http://comparic.pl i dołącz do najbliższej edycji konferencji FxCuffs 2018 już w marcu! http://expo.fxcuffs.pl. Do zobaczenia w Krakowie!
EN English (UK)
EN English
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out