SwingTrader95

SLV SHORT based on Support + Long-Term Trend

Short
AMEX:SLV   iShares Silver Trust
ISHARES SILVER TRUST Possible SHORT over the long-term coming up. Wait for confirmation signal of breakthrough at 14.10 in the short-term. Otherwise, LONG until 14.53 at least when waiting for the reversal. Ones the (YELLOW) trend-line, supporting the LL on 24 May `19 and 02 Jul `19, is broken go SHORT(33%) until the 1st TARGET(RED) is hit at 14.18. Continuing SHORT(66%) to the 2nd TARGET(ORANGE) at 14.04. Ones that is broken watch the SHORT(100%) possibly until 3rd TARGET(GREEN) at 13.50. This is a strong support-level to be broken based on the hits in the past, Aug `18, Oct `18, Nov `18, May `19 and Jun `19. If this would break expect a continuation until trend-line (WHITE), followed by a reversal in a LONG position., based on long-term support in Dec `15, Jan `16, Sep `18 and Nov `18.

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