Categories: Commodities and Indices updatesForex Trade Updates

Bottom for Silver?

Hi friends,

I watch out the silver and I can’t stop wondering, do we create a bottom this period and we are in front of weekly inverted H&S pattern?

Let me show you what I mean and see (Click to enlarge):

As you can see, I see a bullish divergence. forming on weekly, I see inverted potential Head and Shoulders pattern, and I see inverted H&S on RSI too.

If my analyses is correct, 27-28 might be the very bottom for the silver current drop, before serious push up again.

So, what do you think about that?

Wish you a wonderful day

Vladimir Ribakov
http://www.vladimirforexsignals.com/

Vladimir Ribakov

Following 11+ years of trading experience, trading my own accounts as well as for hedge funds and brokerages, I have decided to fulfill my destiny and to personally mentor Forex and Commodities traders. When I released the “Broker Nightmare” (software that hides trades from brokers) 8 years ago, I found an overwhelming number of frustrated people who genuinely wanted to learn how to trade the Forex market, but instead found themselves scammed and misled. Over the years I have also release other trading systems based on my trading strategies, and met a lot of people on my worldwide Forex seminars. We’ve formed a close Forex community and we meet once or twice a year in various locations in Europe.

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View Comments

Don says:

February 19, 2013 at 6:50 pm

Thank you, Vladimir!!!
Vladimir Ribakov says:

July 7, 2013 at 1:24 am

Hi Subra,

It is a very stiff one yes. I do think it can break, the chances though are 30-70 for holding.

Vlad
Vladimir Ribakov says:

February 21, 2013 at 11:09 am

Lol, good one John, watch out the levels I talked about ;)
Vladimir Ribakov says:

February 21, 2013 at 11:08 am

Thank you very much Don :)