Silver broke and closed below a 4H rising trendline.
the price was nicely rejected retesting the trend line and 618 retracement of the last bearish impulse.
now we see a double top formation with a lower high on hourly chart with its neckline breakout.
I expect a drop at least to 23.8 level and then potential further decline.
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✅Join My Telegram Channel: t.me/VasilyTrading
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✅ Facebook: facebook.com/VasilyTrading/
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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.