- Break and retest of this strong trendline.
- Rejection of the 0.5 fib level.
- Bearish engulfing of the last 3 candles.
- Price is below the the 0.92000 level.
- EMA 50 has now turned into resistance.
Lets hope this goes to plan!!!!!
WEEKLY: DOJI CANDLE HAS FORMED, PRICE HAS FAILED TO CLOSED ABOVE .77000 ON FOUR ATTEMPTS
AN ENGULFING CANDLE ON THE DAILY HAS FORMED BREAKING A MEDIUM TERM TREND LINE
WE HAVE A RETEST OF THE TREAD LINE WITH TWEEZER TOPS
Silver did not break above my long term trendline, however it broke below my medium term trendline below. Price action is below my key level of $18.00.
1st target 17.00.... Long target 15.00
Stop loss 18.200
Gold should follow