SILVER
Had a huge bounce with all the Trump tariff kerfuffle and that was quite off-putting.
But it looks to be revealing its hand now; printing a Golden Window failure (0.618-0.786 retracement rejection) with little upper wicks (red arrows) signalling a significant point of resistance.
The GW failure follows a fairly limp ascending channel that would appear to have bearish cause.
And the whole high time frame area appears to be a Head & Shoulders reversal pattern.
Silver appears to be waiting for the cue from Gold turning bearish to finally fall into a significant high time frame downtrend.
I entered a short here.
Invalidation would be a move above 0.85 ratio 👍.
Not advice
Had a huge bounce with all the Trump tariff kerfuffle and that was quite off-putting.
But it looks to be revealing its hand now; printing a Golden Window failure (0.618-0.786 retracement rejection) with little upper wicks (red arrows) signalling a significant point of resistance.
The GW failure follows a fairly limp ascending channel that would appear to have bearish cause.
And the whole high time frame area appears to be a Head & Shoulders reversal pattern.
Silver appears to be waiting for the cue from Gold turning bearish to finally fall into a significant high time frame downtrend.
I entered a short here.
Invalidation would be a move above 0.85 ratio 👍.
Not advice
Your FA guru can't read a chart💭
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Your FA guru can't read a chart💭
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.