JasonFillingham

Silver looking Bullish SOON

Long
FX_IDC:XAGUSD   Silver / U.S. Dollar
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1
I think silver may be in the C leg of a wave 2 on the weekly chart. Looking bullish perhaps in the next few month / end of the year.

Anyone got simular ideas?

Comments

Firstly, I use daily and weekly timeframes. I'd like to get bullish, but the MACD and RSI have been downward sloping since July last year.
That's bearish enough not to go long just yet.
The price could fall further to it's recent 15.7 support, but overall the trend has not reversed yet.
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