if price touches the 6th yellow line it will goes down 100%.
pvt bank index we can see trend change at per cyclic pattern formation
As I mentioned in my forecast a sell-off occurred and a buying opportunity is here, without too much of my usual rhetorics about cycles and so on - go long on a close above 23.30 and stop loss on a close below 22. *Please remember that futures trading involves a substantial risk of loss and is not suitable for all investors.
Detail @ The Chart
Today we have a look at the chart of silver on a daily timeframe. Since the March crash it has formed a cyclic pattern as observed on the graphic - during the first cycle of 93 days or 66 bars, silver touched the trend curve twice - once every 33 bars or 48 days. Starting from the beginning of the second 66 bar cycle, the metal has only formed the top after 48...