Hey traders,
Silver is currently approaching a year's low.
Depending on the reaction of the price to that structure,
I see 2 potential scenarios:
Taking into consideration that the market is trading in a bearish trend,
we will most likely see a breakout attempt 20.46 - 20.66 horizontal support.
Its violation and daily candle close below that will most likely trigger a bearish continuation to 19.72.
If buyers start pushing from the underlined yellow zone,
wait for a bearish breakout of a falling trend line.
Its violation will trigger a bullish move to 21.5 level.
Wait for a breakout and then follow the market!
What do you expect?
â€ïžIf you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!â€ïž
Kommentera:
Check my new idea on OIL:
â
Join My Telegram Channel: t.me/VasilyTrading
âïžYouTube Channel www.youtube.com/c/VasilyTrader
đ°Instagram: www.instagram.com/VasilyTrader/ đ°
â Facebook: www.facebook.com/VasilyTrading/ â
âïžYouTube Channel www.youtube.com/c/VasilyTrader
đ°Instagram: www.instagram.com/VasilyTrader/ đ°
â Facebook: www.facebook.com/VasilyTrading/ â