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.
H4 – fibonacci expansion confluence, potential divergence
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.
Aim 17.00 as your first target, and keep the other part as long as there is no opposite divergence.
Yours,
Vladimir
Hi Traders! Arvinth here from the Home Trader Club team. The weekly summary and, review of December…
US stocks futures held gains as Asian and European equities set the pace on Thursday,…
Hi Traders! US Dollar Index short term forecast and technical analysis is here. We do…
Hi Traders! Dow Jones short term forecast update and follow up is here. On October…
Hi Traders! EURNZD short term forecast and technical analysis is here. We do our analysis…
Hi Traders! Silver short term forecast update and follow up is here. On October 15th,…