New High or a drop down?

Hi friends,

I am with both eyes on Silver price. It is on its very critical level, and I think if it manages to break up it could push all the way to 33.5 level or even higher.

Alternatively, there is 4H bearish divergence so a break down the 4H trend line will lead for a down move to 31.5 or even 31.

So what’s the direction? No one knows now, if I have to bet, I bet up but it is a BET only! As we are just about to have the vote about debt ceiling in USA. ALL could turn after that.

Here’s my chart about the silver (click to enlarge):

I wish you a wonderful day and good forex trading

Yours,

Vladimir Ribakov
http://www.divergenceuniversity.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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Vladimir Ribakov says:

January 29, 2013 at 10:50 am

Of course. Will be glad to help and check Steve. It's Vladimir.ribakov@gmail.com
Vladimir Ribakov says:

January 25, 2013 at 6:48 am

Not as always

You were wrong here :)
Vladimir Ribakov says:

January 25, 2013 at 6:47 am

Hi Steve

I think 1.5650 is possible