XAG/USD (Silver) is testing a potential Head & Shoulders price pattern, on the daily chart.
Neckline support in red would be 17.36 to 17.60 price range.
Downside breakdown target would be -7%, or 16.39 price range.
If the H&S fails, price would need to breakout above 18.17 and 18.36 to continue the uptrend.
Neckline support in red would be 17.36 to 17.60 price range.
Downside breakdown target would be -7%, or 16.39 price range.
If the H&S fails, price would need to breakout above 18.17 and 18.36 to continue the uptrend.
Trade closed: stop reached
Resistance Targets completed.H&S pattern did not complete.
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All posts are not financial advice.
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All posts are not financial advice.
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.