Silver is falling into Support Area, Two Scenarios:
Break the descending trend line, stand over it: Reverse
Being pressed by descending trend line, breakdown the support line, and keep falling.
For the current signals, 1st scenario has higher probability, let me say, 70%.
Indicators:
9 Seasons Rainbow Multiple Time Frames Pattern PRO
RSI
Signals:
Bullish Divergence (Oversold, Support, Blue) on 3H.
Failed Bullish Divergence ( Crazy Sold, Fuchsia) on 16H, which means the previous support was broken.
DISCLAIMER
This is only a personal opinion and does NOT serve as live trade call NOR trading advice.
Please make their own decisions, carefully assess risks and be responsible for your own investing and trading activities.
Break the descending trend line, stand over it: Reverse
Being pressed by descending trend line, breakdown the support line, and keep falling.
For the current signals, 1st scenario has higher probability, let me say, 70%.
Indicators:
9 Seasons Rainbow Multiple Time Frames Pattern PRO
RSI
Signals:
Bullish Divergence (Oversold, Support, Blue) on 3H.
Failed Bullish Divergence ( Crazy Sold, Fuchsia) on 16H, which means the previous support was broken.
DISCLAIMER
This is only a personal opinion and does NOT serve as live trade call NOR trading advice.
Please make their own decisions, carefully assess risks and be responsible for your own investing and trading activities.
Note
As an effect of strong USD, gold and silver go weak. Silver has broken down the previous support, Blue -> Fuchsia.
Message the author go8686 for a trial of the indicators.
A Trading Indicator Artisan and JAVA & Pine Script Programmer, dedicated to enhancing traders' productivity.
------ L’épée reconnaît celui qui connaît son âme. ------
A Trading Indicator Artisan and JAVA & Pine Script Programmer, dedicated to enhancing traders' productivity.
------ L’épée reconnaît celui qui connaît son âme. ------
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.
Message the author go8686 for a trial of the indicators.
A Trading Indicator Artisan and JAVA & Pine Script Programmer, dedicated to enhancing traders' productivity.
------ L’épée reconnaît celui qui connaît son âme. ------
A Trading Indicator Artisan and JAVA & Pine Script Programmer, dedicated to enhancing traders' productivity.
------ L’épée reconnaît celui qui connaît son âme. ------
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.