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/
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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 :)