Silver could be a great sell opportunity coming from the H4 chart of the commodity. Here is my plan to join if we reach the level mentioned below. There is a confluence of two fibonacci expansions around the 17.60 zone. I also expect bearish divergence to form around that level.
Technical Analysis:
H4 – fibonacci expansion confluence, potential divergence
Silver Sell Entry:
As explained above, wait for the price to reach the 17.60 zone. I want to see divergence being created near this level. If the market gives us this scenario I will go for a sell.
Targets:
Aim 17.00 as your first target, and keep the other part as long as there is no opposite divergence.
Yours,
Vladimir
