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/
GDP growth is one of the most important indicators of economic health. But does stronger…
When it comes to fundamental Forex analysis, few institutions matter as much as the Federal…
Interest rates are one of the most important fundamental forces in the Forex market. But…
The latest U.S. employment report has delivered a significant warning for the market. With only…
The Forex market does not always offer clear trading opportunities. Sometimes, price moves sharply in…
Open social media for a few minutes and you can easily find someone talking about…
View Comments
Thank you, Vladimir!!!
Hi Subra,
It is a very stiff one yes. I do think it can break, the chances though are 30-70 for holding.
Vlad
Lol, good one John, watch out the levels I talked about ;)
Thank you very much Don :)