Would love any feedback, I am still learning!
Reasons I am bearish in the short-term:
- The meteoric rise of Silver and SLV prices has had no time to develop strong support or resistance
- Bearish Volume is increasing, both in raw vol but also in its reaction to bulls trying to recover
- MACD is not looking healthy for hourly and the daily looks like it is going to converge soon - Bearish signal
- Massive shooting star on the weekly chart
- Hourly Stoch says oversold, but daily says overbought
- Hourly MA(9,20,50) all looking not so great as the short term (MA9) has completely crossed the 20 and 50
- Forex Silver to USD (XAGUSD) is also barely holding support, and looks like it is starting to downtrend
Reasons I am bullish:
- Volatility is insane, so who knows
Just some ideas, please leave a comment and let me know what YOU think! :)
Reasons I am bearish in the short-term:
- The meteoric rise of Silver and SLV prices has had no time to develop strong support or resistance
- Bearish Volume is increasing, both in raw vol but also in its reaction to bulls trying to recover
- MACD is not looking healthy for hourly and the daily looks like it is going to converge soon - Bearish signal
- Massive shooting star on the weekly chart
- Hourly Stoch says oversold, but daily says overbought
- Hourly MA(9,20,50) all looking not so great as the short term (MA9) has completely crossed the 20 and 50
- Forex Silver to USD (XAGUSD) is also barely holding support, and looks like it is starting to downtrend
Reasons I am bullish:
- Volatility is insane, so who knows
Just some ideas, please leave a comment and let me know what YOU think! :)
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.
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.