Silver is tanking!
After reaching our defined turnaround zone in yellow, the bears take over the market. Just as indicated in our first Silver post (👇🏿 hyperlinked below 👇). The support level at $25.78 is broken, and the downtrend accelerates. The next support to watch out for is at $23.58. At around $23, we expect the next major countermove.
Happy Trading! Feel free to discuss!
After reaching our defined turnaround zone in yellow, the bears take over the market. Just as indicated in our first Silver post (👇🏿 hyperlinked below 👇). The support level at $25.78 is broken, and the downtrend accelerates. The next support to watch out for is at $23.58. At around $23, we expect the next major countermove.
Happy Trading! Feel free to discuss!
📊 Free daily market insights combining macro + Elliott Wave analysis
🚀 Spot trends early with momentum, sentiment & price structure
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🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter - full free analyses at dailymarketupdate.com
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
📊 Free daily market insights combining macro + Elliott Wave analysis
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter - full free analyses at dailymarketupdate.com
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter - full free analyses at dailymarketupdate.com
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.