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ChrisPtaco_32

SLV - Coiling Breakdown

iShares Silver Trust (AMEX:SLV)  
ChrisPtaco_32  
AMEX:SLV   iShares Silver Trust
Trend Analysis Harmonic Patterns Chart Patterns
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trendanalysis harmonicpatterns chartpattern
It looks like SLV broke down and closed below the 50 day MA. This is exactly why you always wait for confirmation. I think this could setup a really good buying opportunity in the near future but we will need to wait and see where the price action takes us.

Good Luck!
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